Bank of Montreal Can Has $291.85 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Bank of Montreal Can lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,776,364 shares of the cable giant’s stock after selling 807,464 shares during the quarter. Bank of Montreal Can owned 0.21% of Comcast worth $291,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its stake 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 valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter worth about $28,000. Finally, Dunhill Financial LLC increased its position in shares of Comcast by 54.8% during the third 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. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 6.6 %

NASDAQ:CMCSA opened at $33.38 on Monday. The company has a market cap of $126.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50 day simple moving average of $35.76 and a two-hundred day simple moving average of $38.87. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. Research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. Morgan Stanley decreased their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Barclays lowered their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $43.08.

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.