Comcast Co. (NASDAQ:CMCSA) Holdings Cut by GM Advisory Group LLC

GM Advisory Group LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,548 shares of the cable giant’s stock after selling 1,394 shares during the period. GM Advisory Group LLC’s holdings in Comcast were worth $358,000 as of its most recent SEC filing.

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

Comcast Stock Up 0.2 %

CMCSA opened at $36.09 on Thursday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a market capitalization of $136.46 billion, a P/E ratio of 8.70, a P/E/G 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 firm’s fifty day moving average price is $35.84 and its two-hundred day moving average price is $39.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. On average, analysts anticipate 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. Investors 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 dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Rosenblatt Securities lowered their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Barclays dropped their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.83.

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.