Scotia Capital Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 29.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 278,305 shares of the cable giant's stock after selling 115,144 shares during the period. Scotia Capital Inc.'s holdings in Comcast were worth $10,445,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at $28,000. Finally, OFI Invest Asset Management purchased a new stake in Comcast in the 4th quarter worth about $37,000. Institutional investors own 84.32% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CMCSA shares. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a research note on Monday. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.50.
Read Our Latest Analysis on CMCSA
Comcast Stock Up 0.7 %
Shares of CMCSA stock traded up $0.25 during trading hours on Tuesday, reaching $34.40. 17,564,948 shares of the stock were exchanged, compared to its average volume of 21,709,033. The business's fifty day moving average is $35.57 and its two-hundred day moving average is $38.49. The firm has a market capitalization of $130.07 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.84%. 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 presently 31.81%.
Comcast Company Profile
(
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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