Processus Wealth & Capital Management LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Processus Wealth & Capital Management LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSAFree Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,639 shares of the cable giant’s stock after selling 2,295 shares during the quarter. Comcast comprises 1.3% of Processus Wealth & Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Processus Wealth & Capital Management LLC’s holdings in Comcast were worth $1,600,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% in 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 bought a new stake in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the fourth quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $30,000. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Citigroup dropped their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group dropped their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Read Our Latest Stock Analysis on Comcast

Comcast Stock Up 0.2 %

Comcast stock opened at $36.30 on Tuesday. The stock has a fifty day moving average of $36.52 and a 200 day moving average of $39.57. Comcast Co. has a one year low of $32.50 and a one year 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 has a market cap of $137.25 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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