Cable Hill Partners LLC Has $291,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cable Hill Partners LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,743 shares of the cable giant’s stock after selling 1,279 shares during the quarter. Cable Hill Partners LLC’s holdings in Comcast were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB increased its stake in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the last quarter. Valmark Advisers Inc. increased its stake in shares of Comcast by 9.4% during the 3rd quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock worth $666,000 after purchasing an additional 1,364 shares during the last quarter. Childress Capital Advisors LLC increased its stake in shares of Comcast by 5.5% during the 3rd quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock worth $393,000 after purchasing an additional 494 shares during the last quarter. Avitas Wealth Management LLC increased its stake in shares of Comcast by 1.2% during the 3rd quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock worth $2,429,000 after purchasing an additional 700 shares during the last quarter. Finally, WD Rutherford LLC increased its stake in shares of Comcast by 30.5% during the 3rd quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock worth $2,729,000 after purchasing an additional 15,260 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMCSA shares. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Rosenblatt Securities lowered their target price 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. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Finally, Citigroup lowered their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Price Performance

NASDAQ:CMCSA opened at $35.10 on Thursday. The company has a 50-day moving average of $36.41 and a 200-day moving average of $39.52. The company has a market capitalization of $132.71 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Comcast 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.