Heritage Wealth Management Inc. Sells 499 Shares of Comcast Co. (NASDAQ:CMCSA)

Heritage Wealth Management Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,189 shares of the cable giant’s stock after selling 499 shares during the period. Heritage Wealth Management Inc.’s holdings in Comcast were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sherman Asset Management Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $103,000. Metis Global Partners LLC lifted its stake in shares of Comcast by 1.8% during the 4th quarter. Metis Global Partners LLC now owns 206,082 shares of the cable giant’s stock worth $7,734,000 after buying an additional 3,707 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Comcast during the 4th quarter worth about $38,000. Fisher Asset Management LLC lifted its stake in shares of Comcast by 0.9% during the 4th quarter. Fisher Asset Management LLC now owns 74,449 shares of the cable giant’s stock worth $2,794,000 after buying an additional 681 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $6,276,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.4 %

Shares of Comcast stock opened at $35.90 on Friday. The firm has a market capitalization of $135.72 billion, a PE ratio of 8.65, 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. The firm’s 50 day moving average is $36.32 and its 200 day moving average is $39.47. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. Equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. Comcast’s payout ratio is 31.81%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price 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. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.