Weik Capital Management Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Weik Capital Management trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,550 shares of the cable giant’s stock after selling 3,450 shares during the period. Weik Capital Management’s holdings in Comcast were worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Comcast during the third quarter valued at about $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group lowered their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley decreased their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Ten research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.64.

Comcast Price Performance

CMCSA opened at $37.37 on Friday. The firm has a market capitalization of $141.30 billion, a PE ratio of 9.00, a price-to-earnings-growth 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. The business’s 50-day moving average is $35.89 and its two-hundred day moving average is $39.01. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed 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 boost 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 dividend on an annualized basis and a dividend yield of 3.53%. 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.