Comcast Co. (NASDAQ:CMCSA) Stock Position Lowered by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,973 shares of the cable giant’s stock after selling 399 shares during the quarter. Freedom Investment Management Inc.’s holdings in Comcast were worth $299,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC acquired a new stake in shares of Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC lifted its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast in the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $37,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 1.2 %

NASDAQ:CMCSA opened at $33.60 on Tuesday. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The company’s 50 day moving average is $35.49 and its 200-day moving average is $38.23. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $127.04 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.93%. Comcast’s payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMCSA shares. KeyCorp cut their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target for the company. in a research report on Thursday, April 10th. Finally, Rosenblatt Securities lowered their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.