First Financial Bankshares Inc Trims Position in Comcast Co. (NASDAQ:CMCSA)

First Financial Bankshares Inc lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 795,922 shares of the cable giant’s stock after selling 23,668 shares during the period. First Financial Bankshares Inc’s holdings in Comcast were worth $29,871,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Promus Capital LLC bought a new position in Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its holdings in 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 acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $36.01 on Wednesday. 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 Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a 50 day simple moving average of $35.86 and a two-hundred day simple moving average of $39.14. The stock has a market cap of $136.15 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 3.67%. 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMCSA. The Goldman Sachs Group lowered their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Morgan Stanley lowered 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. Finally, Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average 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.