Pettyjohn Wood & White Inc. Sells 8,575 Shares of Comcast Co. (NASDAQ:CMCSA)

Pettyjohn Wood & White Inc. trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,725 shares of the cable giant’s stock after selling 8,575 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Comcast were worth $3,780,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. World Investment Advisors LLC lifted its position in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Bfsg LLC lifted its holdings in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after buying an additional 73,590 shares during the last quarter. Robinson Value Management Ltd. boosted its position 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 valued at $3,842,000 after acquiring an additional 59,107 shares during the period. Tidal Investments LLC grew its stake in shares of Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after acquiring an additional 22,684 shares during the last quarter. Finally, Private Management Group Inc. increased its position in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after acquiring an additional 24,827 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.8 %

Shares of Comcast stock opened at $35.39 on Friday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The business has a fifty day simple moving average of $36.37 and a 200 day simple moving average of $39.49. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $133.81 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. Research analysts predict that Comcast Co. will post 4.33 EPS 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 $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.73%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMCSA. Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Morgan Stanley decreased their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $43.83.

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.