Anchor Capital Advisors LLC Has $13.06 Million Position in Comcast Co. (NASDAQ:CMCSA)

Anchor Capital Advisors LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 348,055 shares of the cable giant’s stock after selling 15,571 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Comcast were worth $13,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. AMF Tjanstepension AB raised its holdings in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of Comcast by 9.4% during the third quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock worth $666,000 after acquiring an additional 1,364 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Comcast by 4,108.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,248 shares of the cable giant’s stock worth $345,000 after acquiring an additional 8,052 shares during the last quarter. Diversify Wealth Management LLC lifted its position in Comcast by 14.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 49,117 shares of the cable giant’s stock valued at $2,041,000 after acquiring an additional 6,253 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Comcast by 14.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 19,321 shares of the cable giant’s stock valued at $807,000 after purchasing an additional 2,395 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.8 %

CMCSA 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 company 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. 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 company has a 50 day moving average of $36.37 and a 200 day moving average of $39.49.

Comcast (NASDAQ:CMCSA) last posted 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 return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts expect 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. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. Comcast’s dividend payout ratio is currently 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. KeyCorp upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Macquarie cut their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price target on Comcast in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.