Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lessened by Kendall Capital Management

Kendall Capital Management reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 11.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,624 shares of the cable giant’s stock after selling 2,444 shares during the period. Kendall Capital Management’s holdings in Comcast were worth $699,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CMCSA. Fiera Capital Corp raised its stake in Comcast by 7.3% during the 3rd quarter. Fiera Capital Corp now owns 95,192 shares of the cable giant’s stock valued at $3,976,000 after purchasing an additional 6,469 shares during the period. Equitable Trust Co. grew its holdings in shares of Comcast by 26.6% during the 3rd quarter. Equitable Trust Co. now owns 18,014 shares of the cable giant’s stock valued at $752,000 after acquiring an additional 3,784 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Comcast by 8.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 57,736 shares of the cable giant’s stock valued at $2,412,000 after acquiring an additional 4,375 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Comcast by 1.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 63,936 shares of the cable giant’s stock valued at $2,671,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Comcast by 5.9% during the 3rd quarter. Covestor Ltd now owns 7,372 shares of the cable giant’s stock valued at $308,000 after acquiring an additional 413 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 3.6 %

Shares of CMCSA opened at $37.59 on Monday. The company has a market capitalization of $142.13 billion, a P/E ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The business’s 50 day simple moving average is $36.12 and its 200-day simple moving average is $39.34.

Comcast (NASDAQ:CMCSA) last announced 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%. As a group, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed 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 3.51%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Barclays decreased their price objective 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. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.