Comcast Co. (NASDAQ:CMCSA) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,847 shares of the cable giant’s stock after selling 1,790 shares during the period. Interchange Capital Partners LLC’s holdings in Comcast were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Meridian Wealth Management LLC raised its holdings in shares of Comcast by 94.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock worth $598,000 after purchasing an additional 6,972 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Comcast by 15.0% in the 3rd quarter. Cerity Partners LLC now owns 1,156,427 shares of the cable giant’s stock worth $48,304,000 after purchasing an additional 150,474 shares in the last quarter. Algert Global LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $5,001,000. StoneX Group Inc. raised its holdings in shares of Comcast by 1.8% in the 3rd quarter. StoneX Group Inc. now owns 40,386 shares of the cable giant’s stock worth $1,687,000 after purchasing an additional 696 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of Comcast by 3.3% in the 3rd quarter. Penserra Capital Management LLC now owns 49,636 shares of the cable giant’s stock worth $2,072,000 after purchasing an additional 1,566 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Finally, Morgan Stanley cut their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Nine research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Price Performance

NASDAQ CMCSA opened at $36.75 on Monday. 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 fifty day simple moving average of $35.83 and a 200 day simple moving average of $39.08. The company has a market cap of $138.95 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict 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 paid a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

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.