Comcast Co. (NASDAQ:CMCSA) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,828 shares of the cable giant’s stock after selling 8,902 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Comcast were worth $4,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Comcast in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC lifted its holdings in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the last quarter. Dodge & Cox grew its position in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Invesco Ltd. increased its stake in Comcast by 11.5% during the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant’s stock worth $1,695,454,000 after acquiring an additional 4,669,069 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position 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 purchasing an additional 2,270,186 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMCSA shares. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. UBS Group lowered their price objective on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Rosenblatt Securities cut their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Comcast Stock Down 2.5 %

Shares of NASDAQ CMCSA opened at $33.55 on Thursday. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The company has a market capitalization of $126.85 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. 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 business has a 50-day moving average of $35.55 and a two-hundred day moving average of $38.43.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. On average, analysts forecast that Comcast Co. will post 4.33 earnings per share 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 paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.93%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 31.81%.

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.