Comcast Co. (NASDAQ:CMCSA) Stock Position Reduced by GM Advisory Group LLC

GM Advisory Group LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,548 shares of the cable giant’s stock after selling 1,394 shares during the quarter. GM Advisory Group LLC’s holdings in Comcast were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BIP Wealth LLC raised its position in shares of Comcast by 16.5% during the 3rd quarter. BIP Wealth LLC now owns 7,616 shares of the cable giant’s stock worth $318,000 after purchasing an additional 1,078 shares during the period. Prospera Private Wealth LLC grew its stake in Comcast by 12.1% during the 3rd quarter. Prospera Private Wealth LLC now owns 11,507 shares of the cable giant’s stock worth $481,000 after buying an additional 1,243 shares during the last quarter. Strategy Asset Managers LLC increased its position in Comcast by 52.9% in the third quarter. Strategy Asset Managers LLC now owns 9,122 shares of the cable giant’s stock worth $381,000 after buying an additional 3,155 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Comcast in the third quarter valued at $10,003,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Comcast by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 542,115 shares of the cable giant’s stock valued at $22,644,000 after acquiring an additional 13,707 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMCSA shares. Wells Fargo & Company reduced their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Morgan Stanley lowered their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Citigroup reduced 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Up 0.2 %

Shares of Comcast stock opened at $36.09 on Thursday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market capitalization of $136.46 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock’s fifty day moving average is $35.84 and its 200-day moving average is $39.11.

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 net margin of 13.09% and a return on equity of 19.98%. Equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 3.66%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 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.