Comcast Co. (NASDAQ:CMCSA) Stock Position Trimmed by NBT Bank N A NY

NBT Bank N A NY cut its position in Comcast Co. (NASDAQ:CMCSA) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,002 shares of the cable giant’s stock after selling 1,631 shares during the quarter. NBT Bank N A NY’s holdings in Comcast were worth $1,389,000 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 position in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its stake in Comcast by 269.9% during the 4th 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 during the period. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast during the 3rd quarter valued at about $30,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 3.9 %

Shares of Comcast stock opened at $36.11 on Tuesday. The stock has a 50-day moving average price of $36.10 and a 200 day moving average price of $39.32. The company has a market cap of $136.53 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced 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 return on equity of 19.98% and a net margin of 13.09%. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced 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. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.66%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Analysts Set New Price Targets

Several research firms have commented on CMCSA. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Bank of America cut Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Nine investment 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. Based on data from MarketBeat.com, the stock currently 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.