MMA Asset Management LLC Lowers Position in Comcast Co. (NASDAQ:CMCSA)

MMA Asset Management LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 38.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,236 shares of the cable giant’s stock after selling 7,677 shares during the quarter. MMA Asset Management LLC’s holdings in Comcast were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of Comcast by 6.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 38,608 shares of the cable giant’s stock valued at $1,444,000 after purchasing an additional 2,484 shares during the period. Maia Wealth LLC increased its position in Comcast by 12.2% during the 4th quarter. Maia Wealth LLC now owns 10,750 shares of the cable giant’s stock valued at $411,000 after buying an additional 1,173 shares in the last quarter. Cape Investment Advisory Inc. increased its position in Comcast by 17.1% during the 4th quarter. Cape Investment Advisory Inc. now owns 12,038 shares of the cable giant’s stock valued at $452,000 after buying an additional 1,755 shares in the last quarter. Sherman Asset Management Inc. bought a new position in Comcast during the 4th quarter valued at approximately $103,000. Finally, Metis Global Partners LLC increased its position in Comcast by 1.8% during the 4th quarter. Metis Global Partners LLC now owns 206,082 shares of the cable giant’s stock valued at $7,734,000 after buying an additional 3,707 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Bank of America lowered 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 research report on Friday, January 31st. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Performance

Shares of CMCSA opened at $35.90 on Friday. 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 Co. has a one year low of $32.50 and a one year high of $45.31. The firm has a market capitalization of $135.72 billion, a P/E ratio of 8.65, a PEG ratio of 1.78 and a beta of 1.00. The business has a fifty day moving average of $36.32 and a 200 day moving average of $39.47.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. 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 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. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.68%. Comcast’s payout ratio is 31.81%.

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.