Groupama Asset Managment Sells 22,575 Shares of Comcast Co. (NASDAQ:CMCSA)

Groupama Asset Managment trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,276 shares of the cable giant's stock after selling 22,575 shares during the quarter. Groupama Asset Managment's holdings in Comcast were worth $6,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter worth $30,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CMCSA shares. Scotiabank cut shares of Comcast from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Macquarie cut their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.08.

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Comcast Stock Down 6.6 %

Shares of CMCSA traded down $2.34 during mid-day trading on Friday, reaching $33.38. The company's stock had a trading volume of 37,310,535 shares, compared to its average volume of 21,518,412. The company has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $35.76 and a 200 day moving average of $38.87.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.95%. Comcast's dividend payout ratio is presently 31.81%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.