Lindenwold Advisors INC Trims Position in Comcast Co. (NASDAQ:CMCSA)

Lindenwold Advisors INC trimmed its position in Comcast Co. (NASDAQ:CMCSAFree Report) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,472 shares of the cable giant’s stock after selling 11,436 shares during the period. Lindenwold Advisors INC’s holdings in Comcast were worth $731,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CMCSA. Promus Capital LLC bought a new position in Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% in the fourth 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 purchased a new position in shares of Comcast during the 4th quarter valued at about $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 purchased a new stake in Comcast in the 3rd quarter worth approximately $30,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.7 %

Shares of CMCSA opened at $36.01 on Wednesday. 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 Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a market cap of $136.15 billion, a PE ratio of 8.68, a P/E/G ratio of 1.78 and a beta of 1.00. The business has a fifty day moving average of $35.86 and a 200 day moving average of $39.14.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 31.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CMCSA shares. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective 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. Morgan Stanley decreased their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Nine 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Read Our Latest Stock Report on Comcast

Comcast Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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