Victory Capital Management Inc. Sells 80,273 Shares of Comcast Co. (NASDAQ:CMCSA)

Victory Capital Management Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,716,573 shares of the cable giant's stock after selling 80,273 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of Comcast worth $177,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Winch Advisory Services LLC raised its stake in Comcast by 269.9% in the 4th 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 during the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the 4th quarter valued at about $28,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter valued at about $30,000. Finally, Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.06 during trading hours on Wednesday, hitting $35.56. The company had a trading volume of 24,530,240 shares, compared to its average volume of 26,877,727. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. 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 business has a fifty day simple moving average of $36.17 and a 200-day simple moving average of $39.39. The firm has a market cap of $134.45 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.71%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMCSA shares. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their target price on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.83.

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.