Comcast Co. (NASDAQ:CMCSA) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.0% during the 4th quarter, HoldingsChannel reports. The firm owned 988,900 shares of the cable giant’s stock after selling 51,665 shares during the period. Commonwealth Equity Services LLC’s holdings in Comcast were worth $37,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new position in shares of Comcast during the 3rd quarter worth $430,000. KBC Group NV lifted its position in Comcast by 4.6% in the third quarter. KBC Group NV now owns 1,158,063 shares of the cable giant’s stock valued at $48,372,000 after buying an additional 50,583 shares during the last quarter. Curi RMB Capital LLC lifted its position in Comcast by 6.0% in the third quarter. Curi RMB Capital LLC now owns 224,917 shares of the cable giant’s stock valued at $9,395,000 after buying an additional 12,766 shares during the last quarter. Oak Harbor Wealth Partners LLC lifted its position in Comcast by 9.6% in the third quarter. Oak Harbor Wealth Partners LLC now owns 44,232 shares of the cable giant’s stock valued at $1,848,000 after buying an additional 3,865 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Comcast by 0.8% in the third quarter. OneDigital Investment Advisors LLC now owns 84,230 shares of the cable giant’s stock valued at $3,518,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $35.43 on Friday. The firm has a market capitalization of $133.96 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 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 firm’s 50 day moving average is $35.92 and its two-hundred day moving average is $39.20.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced 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 is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMCSA. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Friday, January 31st. The Goldman Sachs Group reduced their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.