Comcast Co. (NASDAQ:CMCSA) Stake Lessened by Tweedy Browne Co LLC

Tweedy Browne Co LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,578 shares of the cable giant’s stock after selling 903 shares during the period. Tweedy Browne Co LLC’s holdings in Comcast were worth $1,298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% during 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 during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $30,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $36.90 on Tuesday. The stock has a 50-day moving average price of $35.89 and a 200 day moving average price of $38.98. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm has a market cap of $139.52 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.78 and a beta of 1.00. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.58%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMCSA shares. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Citigroup dropped their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

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.