Comcast Co. (NASDAQ:CMCSA) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,816 shares of the cable giant’s stock after selling 15,350 shares during the period. Comcast makes up approximately 1.8% of Skba Capital Management LLC’s portfolio, making the stock its 21st largest position. Skba Capital Management LLC’s holdings in Comcast were worth $11,552,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCSA. Promus Capital LLC purchased a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC lifted its holdings in shares of 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 acquiring an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.62 on Monday. The company has a fifty day moving average of $35.89 and a two-hundred day moving average of $38.99. The company has a market capitalization of $138.46 billion, a PE ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. As a group, analysts expect 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. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.60%. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMCSA. JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities cut their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Ten 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Company 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.