Wintrust Investments LLC Has $77,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Wintrust Investments LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,064 shares of the cable giant’s stock after selling 343 shares during the quarter. Wintrust Investments LLC’s holdings in Comcast were worth $77,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew 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 purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the fourth quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 1.4 %

Shares of NASDAQ:CMCSA opened at $34.70 on Friday. The business has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $39.23. Comcast Co. has a 12-month low of $32.50 and a 12-month 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 firm has a market cap of $131.20 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. Barclays reduced their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reduced their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target 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.