Linscomb Wealth Inc. Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Linscomb Wealth Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 23.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 150,608 shares of the cable giant’s stock after selling 46,311 shares during the quarter. Linscomb Wealth Inc.’s holdings in Comcast were worth $5,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Taurus Asset Management LLC increased its position in Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the last quarter. Arvest Investments Inc. grew its stake in shares of Comcast by 1.0% during the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after purchasing an additional 268 shares during the period. McIlrath & Eck LLC increased its position in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Mengis Capital Management Inc. lifted its stake in shares of Comcast by 1.5% in the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock worth $796,000 after purchasing an additional 283 shares during the period. Finally, Dunhill Financial LLC boosted its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.8 %

CMCSA opened at $35.39 on Friday. The company has a market capitalization 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 firm has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average 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 52 week low of $32.50 and a 52 week high of $45.31.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, January 31st. Finally, Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average price target of $43.83.

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.