M Holdings Securities Inc. Has $44,000 Stake in Comcast Co. (NASDAQ:CMCSA)

M Holdings Securities Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 96.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,166 shares of the cable giant’s stock after selling 29,238 shares during the period. M Holdings Securities Inc.’s holdings in Comcast were worth $44,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new stake in Comcast in the 4th quarter valued at $54,156,000. Hillsdale Investment Management Inc. boosted its position in shares of Comcast by 24.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 26,552 shares of the cable giant’s stock valued at $996,000 after acquiring an additional 5,140 shares in the last quarter. Sei Investments Co. increased its stake in Comcast by 6.4% in the fourth quarter. Sei Investments Co. now owns 2,722,885 shares of the cable giant’s stock valued at $102,192,000 after acquiring an additional 164,185 shares during the period. American Century Companies Inc. raised its position in Comcast by 21.8% in the fourth quarter. American Century Companies Inc. now owns 4,131,214 shares of the cable giant’s stock worth $155,044,000 after purchasing an additional 738,130 shares in the last quarter. Finally, Truffle Hound Capital LLC bought a new position in Comcast during the fourth quarter worth about $3,002,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMCSA shares. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays dropped their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target 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. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Up 0.7 %

CMCSA opened at $36.75 on Friday. The firm has a 50 day simple moving average of $35.83 and a 200 day simple moving average of $39.07. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business 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 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 3.59%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 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.