Blair William & Co. IL Sells 22,595 Shares of Comcast Co. (NASDAQ:CMCSA)

Blair William & Co. IL lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 349,983 shares of the cable giant’s stock after selling 22,595 shares during the period. Blair William & Co. IL’s holdings in Comcast were worth $13,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its stake in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth $30,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on CMCSA shares. Rosenblatt Securities reduced their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Macquarie reduced their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a report on Friday, January 31st. Finally, Loop Capital lowered their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Stock Performance

Shares of CMCSA stock opened at $36.62 on Friday. The firm has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The stock has a fifty day moving average of $35.89 and a 200 day moving average of $38.99. Comcast Co. has a 52 week low of $32.50 and a 52 week 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 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%. As a group, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current 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 issued a dividend of $0.33 per share. This is an increase 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 3.60%. 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.