Bryn Mawr Capital Management LLC Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Bryn Mawr Capital Management LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,475 shares of the cable giant’s stock after selling 2,433 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Comcast were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. World Investment Advisors LLC raised its stake in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Bfsg LLC grew its holdings in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the period. Robinson Value Management Ltd. grew its holdings in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after acquiring an additional 59,107 shares during the period. Tidal Investments LLC grew its holdings in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after acquiring an additional 22,684 shares during the period. Finally, Private Management Group Inc. grew its holdings in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after acquiring an additional 24,827 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CMCSA shares. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup cut their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $35.39 on Friday. The firm has a market cap of $133.81 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business has a 50 day moving average price of $36.37 and a two-hundred day moving average price of $39.49. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

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

Comcast Increases Dividend

The company 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 $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. 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.