Stifel Financial Corp Sells 60,591 Shares of Comcast Co. (NASDAQ:CMCSA)

Stifel Financial Corp lowered its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,175,681 shares of the cable giant's stock after selling 60,591 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Comcast worth $119,183,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors LLC raised its stake in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after buying an additional 229,192 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Comcast during the 4th quarter worth about $743,681,000. Bfsg LLC grew its stake in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after buying an additional 73,590 shares during the last quarter. Mission Wealth Management LP lifted its position in Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. boosted its stake in Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday. Finally, KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.98.

Comcast Stock Up 2.1 %

CMCSA traded up $0.71 during midday trading on Friday, hitting $33.90. The company had a trading volume of 29,362,656 shares, compared to its average volume of 21,915,271. 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's 50 day moving average price is $35.40 and its 200 day moving average price is $38.13. The company has a market capitalization of $128.18 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. On average, research analysts anticipate 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 was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd were given a $0.33 dividend. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.89%. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Comcast Company 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.