Clark Estates Inc. NY Reduces Stock Position in Comcast Co. (NASDAQ:CMCSA)

Clark Estates Inc. NY decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,740 shares of the cable giant’s stock after selling 7,360 shares during the quarter. Clark Estates Inc. NY’s holdings in Comcast were worth $2,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Winch Advisory Services LLC increased its holdings 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 buying an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the fourth quarter worth $28,000. Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the third quarter valued at $30,000. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 1.3 %

Shares of NASDAQ:CMCSA opened at $35.50 on Wednesday. The company has a market cap of $134.23 billion, a PE ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 1.00. The company’s 50 day moving average is $36.23 and its two-hundred day moving average is $39.42. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.72%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is 31.81%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CMCSA shares. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Loop Capital dropped their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Nine 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.