Prudent Man Advisors LLC Sells 3,424 Shares of Comcast Co. (NASDAQ:CMCSA)

Prudent Man Advisors LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,804 shares of the cable giant’s stock after selling 3,424 shares during the quarter. Prudent Man Advisors LLC’s holdings in Comcast were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Winch Advisory Services LLC increased its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at $30,000. Roxbury Financial LLC bought a new position in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter valued at about $28,000. Finally, Dunhill Financial LLC boosted its holdings in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.4 %

Shares of NASDAQ:CMCSA opened at $35.90 on Friday. The stock has a market cap of $135.72 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.78 and a beta of 1.00. The business’s 50 day moving average is $36.32 and its 200 day moving average is $39.47. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its earnings results 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%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.