Comcast Co. (NASDAQ:CMCSA) Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,508 shares of the cable giant’s stock after selling 3,168 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Comcast were worth $507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tyler Stone Wealth Management boosted its holdings in Comcast by 114.4% during the third quarter. Tyler Stone Wealth Management now owns 5,222 shares of the cable giant’s stock valued at $218,000 after acquiring an additional 2,786 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Comcast in the third quarter valued at approximately $35,000. Addison Advisors LLC boosted its stake in Comcast by 44.1% in the third quarter. Addison Advisors LLC now owns 2,959 shares of the cable giant’s stock valued at $124,000 after acquiring an additional 905 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Comcast by 9.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,689 shares of the cable giant’s stock valued at $2,243,000 after acquiring an additional 4,617 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Comcast by 343.9% in the 3rd quarter. WCM Investment Management LLC now owns 45,440 shares of the cable giant’s stock valued at $1,892,000 after purchasing an additional 35,204 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CMCSA shares. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Benchmark dropped their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Finally, Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Price Performance

CMCSA stock opened at $35.95 on Wednesday. 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 Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a market cap of $135.93 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.78 and a beta of 1.00. The firm has a 50 day moving average of $36.07 and a 200-day moving average of $39.29.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. 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. Comcast’s dividend payout ratio is presently 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.