PDS Planning Inc Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

PDS Planning Inc lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,062 shares of the cable giant’s stock after selling 796 shares during the quarter. PDS Planning Inc’s holdings in Comcast were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Promus Capital LLC purchased a new position in Comcast in the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Comcast in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.9 %

Shares of NASDAQ:CMCSA opened at $35.75 on Tuesday. The stock has a 50 day moving average of $35.88 and a 200 day moving average of $39.16. The company has a market cap of $135.17 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. 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.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

About Comcast

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.