Walled Lake Planning & Wealth Management LLC Lowers Position in Comcast Co. (NASDAQ:CMCSA)

Walled Lake Planning & Wealth Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,701 shares of the cable giant’s stock after selling 810 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Comcast were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. United Bank raised its stake in Comcast by 13.7% during the fourth quarter. United Bank now owns 42,810 shares of the cable giant’s stock valued at $1,607,000 after buying an additional 5,161 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of Comcast by 34.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 6,319,973 shares of the cable giant’s stock valued at $237,189,000 after acquiring an additional 1,606,593 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth approximately $93,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Comcast by 2.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,937,001 shares of the cable giant’s stock valued at $673,176,000 after purchasing an additional 472,659 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Comcast by 29.4% in the fourth quarter. Schroder Investment Management Group now owns 2,409,429 shares of the cable giant’s stock worth $90,426,000 after purchasing an additional 547,280 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 2.0 %

Shares of CMCSA opened at $36.62 on Friday. The business’s 50 day simple moving average is $35.89 and its 200-day simple moving average is $38.99. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 3.60%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. UBS Group dropped their price target on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company reduced their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.64.

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.