LaSalle St. Investment Advisors LLC Sells 725 Shares of Comcast Co. (NASDAQ:CMCSA)

LaSalle St. Investment Advisors LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,267 shares of the cable giant’s stock after selling 725 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in Comcast were worth $235,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in shares of Comcast in the 3rd quarter worth approximately $451,000. Invst LLC grew its position in Comcast by 8.4% in the third quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock valued at $1,664,000 after acquiring an additional 3,077 shares during the period. McIlrath & Eck LLC raised its stake in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after acquiring an additional 282 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings 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 acquiring an additional 759 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in shares of Comcast in the 3rd quarter valued at $1,301,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.3 %

Shares of NASDAQ CMCSA opened at $34.15 on Tuesday. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The firm has a market capitalization of $129.12 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50 day simple moving average is $35.57 and its 200 day simple moving average is $38.49.

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

Comcast Increases Dividend

The business also recently announced 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. 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 3.87%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Scotiabank lifted their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Rosenblatt Securities decreased their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Citigroup cut their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $37.00 to $31.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average price target of $42.50.

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.