Keyes Stange & Wooten Wealth Management LLC Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Keyes Stange & Wooten Wealth Management LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,642 shares of the cable giant’s stock after selling 1,704 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC’s holdings in Comcast were worth $512,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Morse Asset Management Inc bought a new position in Comcast during the third quarter valued at $451,000. Invst LLC raised its position in Comcast by 8.4% in the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock worth $1,664,000 after purchasing an additional 3,077 shares during the period. McIlrath & Eck LLC lifted its stake in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Comcast by 6.4% during the third quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant’s stock valued at $525,000 after buying an additional 759 shares during the period. Finally, Tudor Financial Inc. bought a new position in shares of Comcast during the third quarter valued at approximately $1,301,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $33.72 on Friday. Comcast Co. has a one year low of $32.20 and a one year 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’s 50 day moving average price is $35.56 and its 200-day moving average price is $38.56. The firm has a market cap of $127.50 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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%. As a group, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.90.

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.