Motley Fool Wealth Management LLC Sells 81,663 Shares of Comcast Co. (NASDAQ:CMCSA)

Motley Fool Wealth Management LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 22.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 277,277 shares of the cable giant’s stock after selling 81,663 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Comcast were worth $10,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Comcast by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after buying an additional 2,270,186 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Comcast by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after purchasing an additional 838,366 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. Finally, Amundi boosted its position in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 0.9 %

Shares of Comcast stock opened at $36.94 on Wednesday. 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 company has a market cap of $139.67 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The firm has a 50-day simple moving average of $35.85 and a two-hundred day simple moving average of $39.04. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.57%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMCSA. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

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.