LGT Fund Management Co Ltd. Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

LGT Fund Management Co Ltd. reduced its position in Comcast Co. (NASDAQ:CMCSA) by 28.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,265 shares of the cable giant’s stock after selling 4,110 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Comcast were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC purchased a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the 4th quarter worth approximately $28,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $30,000. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $35.98 on Tuesday. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. 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 firm has a market cap of $136.04 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.78 and a beta of 1.00. The firm’s fifty day moving average is $36.28 and its two-hundred day moving average is $39.45.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. Research analysts expect 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. 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 3.67%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Friday, January 31st. Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

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.