Kesler Norman & Wride LLC Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Kesler Norman & Wride LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 35.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,653 shares of the cable giant's stock after selling 10,913 shares during the quarter. Kesler Norman & Wride LLC's holdings in Comcast were worth $738,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC bought a new stake in shares of Comcast in the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the 3rd quarter valued at about $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ CMCSA traded down $0.05 during mid-day trading on Monday, hitting $33.33. The stock had a trading volume of 18,195,560 shares, compared to its average volume of 21,508,489. The firm's 50 day moving average is $35.76 and its 200 day moving average is $38.87. The stock has a market capitalization of $126.03 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a twelve month low of $32.40 and a twelve month high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.96%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio is 31.81%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CMCSA shares. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. UBS Group decreased their price objective on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Finally, StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Ten equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.

About Comcast

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.