Lindenwold Advisors INC Sells 11,436 Shares of Comcast Co. (NASDAQ:CMCSA)

Lindenwold Advisors INC trimmed its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 37.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,472 shares of the cable giant's stock after selling 11,436 shares during the quarter. Lindenwold Advisors INC's holdings in Comcast were worth $731,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its position 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 buying an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the third quarter valued at approximately $30,000. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $28,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank cut 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 report on Monday, February 3rd. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

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Comcast Price Performance

Shares of CMCSA traded up $0.25 during midday trading on Friday, hitting $36.75. The company's stock had a trading volume of 54,562,009 shares, compared to its average volume of 19,809,472. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company's fifty day simple moving average is $35.83 and its two-hundred day simple moving average is $39.08. 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 stock has a market capitalization of $138.95 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.59%. Comcast's dividend payout ratio (DPR) 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.