Comcast Co. (NASDAQ:CMCSA) Shares Sold by Plancorp LLC

Plancorp LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 50.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,057 shares of the cable giant’s stock after selling 37,438 shares during the quarter. Plancorp LLC’s holdings in Comcast were worth $1,391,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC boosted its position in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares during the last quarter. Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after acquiring an additional 291 shares during the last quarter. Five Oceans Advisors boosted its position in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after acquiring an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

CMCSA stock opened at $36.75 on Friday. The company’s 50 day moving average price is $35.83 and its 200 day moving average price is $39.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $138.95 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. On average, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital reduced their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Barclays reduced their price objective 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 issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.