Interchange Capital Partners LLC Has $857,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Interchange Capital Partners LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,847 shares of the cable giant’s stock after selling 1,790 shares during the period. Interchange Capital Partners LLC’s holdings in Comcast were worth $857,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its position 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 worth $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

Comcast stock opened at $36.75 on Monday. The company’s 50 day simple moving average is $35.83 and its 200 day simple moving average is $39.08. 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

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

Comcast Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Loop Capital decreased 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. Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.