CFO4Life Group LLC Has $359,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

CFO4Life Group LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 7.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,567 shares of the cable giant’s stock after selling 720 shares during the quarter. CFO4Life Group LLC’s holdings in Comcast were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC boosted its position 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 buying an additional 229,192 shares in the last quarter. Bfsg LLC raised its stake in shares of Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Comcast in the fourth quarter worth about $743,681,000. Mission Wealth Management LP raised its stake in shares of Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. raised its stake in shares of Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after acquiring an additional 59,107 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company 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. Finally, Benchmark dropped their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine 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 stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Down 2.1 %

Shares of NASDAQ:CMCSA opened at $35.19 on Thursday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. 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 company has a market capitalization of $133.05 billion, a PE ratio of 8.48, a PEG ratio of 1.78 and a beta of 1.00. The company has a 50 day moving average price of $36.02 and a two-hundred day moving average price of $39.26.

Comcast (NASDAQ:CMCSA) last issued its 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%. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current 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 represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

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.