Comcast Co. (NASDAQ:CMCSA) Stock Position Cut by Fmr LLC

Fmr LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,944,933 shares of the cable giant’s stock after selling 475,395 shares during the quarter. Fmr LLC owned about 3.09% of Comcast worth $4,388,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. McIlrath & Eck LLC raised its stake in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after buying an additional 282 shares during the period. Dunhill Financial LLC increased its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after purchasing an additional 291 shares during the period. Five Oceans Advisors lifted its holdings in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after purchasing an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. grew its position in shares of Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $33.38 on Friday. 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 market capitalization of $126.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a 50 day moving average of $35.76 and a 200-day moving average of $38.87.

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

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.95%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMCSA shares. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley dropped their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.08.

Comcast Company 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.