Intact Investment Management Inc. Sells 20,550 Shares of Comcast Co. (NASDAQ:CMCSA)

Intact Investment Management Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 336,900 shares of the cable giant’s stock after selling 20,550 shares during the quarter. Intact Investment Management Inc.’s holdings in Comcast were worth $12,644,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter valued at approximately $30,000. Roxbury Financial LLC purchased a new position in Comcast during the fourth quarter valued at approximately $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter valued at approximately $28,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CMCSA shares. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Citigroup cut their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.70 on Friday. The stock’s fifty day moving average is $35.96 and its two-hundred day moving average is $39.23. The firm has a market capitalization of $131.20 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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 anticipate that Comcast Co. will post 4.33 earnings per share 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 paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

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.