Evergreen Capital Management LLC Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Evergreen Capital Management LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,086 shares of the cable giant’s stock after selling 536 shares during the quarter. Evergreen Capital Management LLC’s holdings in Comcast were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Comcast during the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the fourth quarter valued at approximately $743,681,000. Amundi raised its holdings in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. Finally, Dodge & Cox lifted its holdings in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $33.55 on Thursday. The business has a 50 day moving average of $35.55 and a 200 day moving average of $38.43. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31. The company has a market cap of $126.85 billion, a PE ratio of 8.08, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced 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 forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMCSA. KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday. 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 report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. Finally, Morgan Stanley reduced their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

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.