Processus Wealth & Capital Management LLC Sells 2,295 Shares of Comcast Co. (NASDAQ:CMCSA)

Processus Wealth & Capital Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 42,639 shares of the cable giant’s stock after selling 2,295 shares during the quarter. Comcast comprises 1.3% of Processus Wealth & Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Processus Wealth & Capital Management LLC’s holdings in Comcast were worth $1,600,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. World Investment Advisors LLC boosted its stake in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the last quarter. Bfsg LLC boosted its stake in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after buying an additional 73,590 shares during the last quarter. Robinson Value Management Ltd. boosted its stake in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after buying an additional 59,107 shares during the last quarter. Tidal Investments LLC boosted its stake in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after buying an additional 22,684 shares during the last quarter. Finally, Private Management Group Inc. boosted its stake in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after buying an additional 24,827 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.2 %

Shares of NASDAQ:CMCSA opened at $36.30 on Tuesday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a market cap of $137.25 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business’s 50 day moving average is $36.52 and its 200 day moving average is $39.57. 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 (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.64%. 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 dividend payout ratio (DPR) is 31.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Loop Capital decreased their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Morgan Stanley reduced 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. Finally, Barclays reduced their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.