Vinva Investment Management Ltd Sells 1,174 Shares of Comcast Co. (NASDAQ:CMCSA)

Vinva Investment Management Ltd decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,841 shares of the cable giant’s stock after selling 1,174 shares during the quarter. Vinva Investment Management Ltd’s holdings in Comcast were worth $6,762,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its position 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 valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.7 %

Shares of CMCSA opened at $36.01 on Wednesday. The firm has a 50-day moving average price of $35.86 and a 200 day moving average price of $39.14. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $136.15 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared 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 is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Morgan Stanley cut their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Citigroup lowered their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Finally, Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average 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.