M Holdings Securities Inc. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 96.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166 shares of the cable giant's stock after selling 29,238 shares during the period. M Holdings Securities Inc.'s holdings in Comcast were worth $44,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of CMCSA. McIlrath & Eck LLC raised its stake in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after buying an additional 282 shares during the last quarter. Dunhill Financial LLC grew its holdings in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after acquiring an additional 291 shares in the last quarter. Five Oceans Advisors lifted its stake in shares of Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after purchasing an additional 298 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Comcast Stock Performance
Shares of NASDAQ:CMCSA traded up $0.22 during midday trading on Thursday, reaching $37.59. The company had a trading volume of 2,562,453 shares, compared to its average volume of 19,815,675. The stock has a market cap of $142.12 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.78 and a beta of 1.00. The company's 50 day moving average price is $35.87 and its 200 day moving average price is $39.02. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.51%. Comcast's dividend payout ratio is currently 31.81%.
Wall Street Analyst Weigh In
CMCSA has been the topic of several research analyst reports. Wells Fargo & Company cut their target price 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. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price objective on the stock in a research report on Friday, January 31st. Scotiabank lowered Comcast from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Ten 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.64.
Check Out Our Latest Research Report on CMCSA
About Comcast
(
Free Report)
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.
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