U.S. Capital Wealth Advisors LLC Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

U.S. Capital Wealth Advisors LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,567 shares of the cable giant’s stock after selling 3,493 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Comcast were worth $1,335,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMCSA. AMF Tjanstepension AB raised its position in Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the last quarter. Czech National Bank raised its position in Comcast by 5.5% in the 3rd quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after purchasing an additional 41,061 shares during the last quarter. Miracle Mile Advisors LLC raised its position in Comcast by 6.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock valued at $337,000 after purchasing an additional 466 shares during the last quarter. City Center Advisors LLC raised its position in Comcast by 4.7% in the 3rd quarter. City Center Advisors LLC now owns 12,102 shares of the cable giant’s stock valued at $506,000 after purchasing an additional 543 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Comcast by 13.9% in the 3rd quarter. Versant Capital Management Inc now owns 4,264 shares of the cable giant’s stock valued at $178,000 after purchasing an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie reduced their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Citigroup cut their price target 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. Finally, BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.13.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $33.55 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $38.41 and its two-hundred day moving average price is $40.02. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.38. The stock has a market cap of $128.38 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed 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 3.93%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 29.88%.

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.