New York Life Investment Management LLC Sells 5,190 Shares of Comcast Co. (NASDAQ:CMCSA)

New York Life Investment Management LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 567,689 shares of the cable giant’s stock after selling 5,190 shares during the quarter. New York Life Investment Management LLC’s holdings in Comcast were worth $21,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. AMF Tjanstepension AB raised its holdings in shares of Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after acquiring an additional 132,442 shares in the last quarter. Valmark Advisers Inc. raised its holdings in Comcast by 9.4% in the third quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock worth $666,000 after purchasing an additional 1,364 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in Comcast by 5.5% in the third quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock worth $393,000 after purchasing an additional 494 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in Comcast by 1.2% in the third quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock worth $2,429,000 after purchasing an additional 700 shares in the last quarter. Finally, WD Rutherford LLC raised its holdings in Comcast by 30.5% in the third quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock worth $2,729,000 after purchasing an additional 15,260 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CMCSA shares. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Friday, January 31st. Finally, Citigroup cut their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Down 2.1 %

Shares of CMCSA opened at $35.10 on Thursday. The business’s 50 day moving average is $36.41 and its 200 day moving average is $39.52. The company has a market capitalization of $132.71 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm 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. This represents a $1.32 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.