Donaldson Capital Management LLC Sells 2,690 Shares of Comcast Co. (NASDAQ:CMCSA)

Donaldson Capital Management LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 16.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,145 shares of the cable giant’s stock after selling 2,690 shares during the period. Donaldson Capital Management LLC’s holdings in Comcast were worth $531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. World Investment Advisors LLC boosted its holdings in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after acquiring an additional 229,192 shares during the last quarter. Bfsg LLC lifted its position in shares of Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Comcast in the 4th quarter valued at $743,681,000. Mission Wealth Management LP grew its stake in Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. increased its stake in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $35.95 on Wednesday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a fifty day moving average of $36.07 and a 200 day moving average of $39.29. 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 firm has a market capitalization of $135.93 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 1.78 and a beta of 1.00.

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 analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business 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 $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, January 31st. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Benchmark reduced 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. Sanford C. Bernstein set a $38.00 target price on Comcast in a research note on Friday, January 31st. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Nine equities research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.83.

About Comcast

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.