US Bancorp DE Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

US Bancorp DE trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,717,930 shares of the cable giant’s stock after selling 181,229 shares during the period. US Bancorp DE owned about 0.07% of Comcast worth $102,004,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CMCSA. Winch Advisory Services LLC grew its stake 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 buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the fourth quarter worth about $28,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the 3rd quarter worth about $30,000. Finally, Dunhill Financial LLC lifted its position in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note 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 company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Trading Up 1.4 %

Comcast stock opened at $35.90 on Friday. The firm has a market cap of $135.72 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm’s 50 day moving average price is $36.32 and its two-hundred day moving average price is $39.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.