Edmond DE Rothschild Holding S.A. Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Edmond DE Rothschild Holding S.A. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,490 shares of the cable giant’s stock after selling 11,100 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Comcast were worth $1,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% during 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. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the 3rd quarter valued at $30,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at $27,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the 4th quarter worth $28,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.72 on Wednesday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two 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. The firm has a market capitalization of $138.84 billion, a P/E ratio of 8.85, a PEG ratio of 1.78 and a beta of 1.00. The stock has a 50-day simple moving average of $35.89 and a two-hundred day simple moving average of $38.96.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. UBS Group reduced their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Friday, January 31st. Ten 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’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

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.