Heritage Investors Management Corp Sells 714 Shares of Comcast Co. (NASDAQ:CMCSA)

Heritage Investors Management Corp reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 390,408 shares of the cable giant’s stock after selling 714 shares during the quarter. Heritage Investors Management Corp’s holdings in Comcast were worth $14,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $47,000. Simmons Bank grew its holdings in Comcast by 1.0% in the fourth quarter. Simmons Bank now owns 83,800 shares of the cable giant’s stock worth $3,145,000 after purchasing an additional 826 shares during the last quarter. Pointe Capital Management LLC increased its position in shares of Comcast by 4.6% during the fourth quarter. Pointe Capital Management LLC now owns 10,660 shares of the cable giant’s stock worth $400,000 after purchasing an additional 471 shares in the last quarter. Sitrin Capital Management LLC lifted its holdings in shares of Comcast by 1.3% during the 4th quarter. Sitrin Capital Management LLC now owns 118,077 shares of the cable giant’s stock valued at $4,431,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Advisor OS LLC boosted its position in shares of Comcast by 117.6% in the 4th quarter. Advisor OS LLC now owns 26,599 shares of the cable giant’s stock worth $998,000 after purchasing an additional 14,374 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 2.1 %

Shares of CMCSA stock opened at $35.10 on Thursday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s fifty day moving average is $36.41 and its two-hundred day moving average is $39.52. The firm has a market capitalization of $132.71 billion, a P/E ratio of 8.46, a PEG ratio of 1.78 and a beta of 1.00.

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, 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%. Research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business 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 annualized dividend and a dividend yield of 3.76%. 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.