Comcast Co. (NASDAQ:CMCSA) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,996 shares of the cable giant’s stock after selling 58,855 shares during the quarter. Comcast comprises approximately 1.1% of Baxter Bros Inc.’s holdings, making the stock its 24th largest position. Baxter Bros Inc.’s holdings in Comcast were worth $8,557,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. World Investment Advisors LLC boosted its stake in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Comcast in the 4th quarter worth about $743,681,000. Bfsg LLC raised its holdings in Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after buying an additional 73,590 shares during the period. Mission Wealth Management LP boosted its holdings in shares of Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after buying an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its holdings in shares of Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.4 %

Shares of CMCSA opened at $36.60 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a 50-day simple moving average of $35.84 and a 200-day simple moving average of $39.05. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The firm has a market capitalization of $138.39 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.61%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several analysts recently commented on CMCSA shares. Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup lowered their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reduced their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.