Main Street Financial Solutions LLC Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Main Street Financial Solutions LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,017 shares of the cable giant’s stock after selling 2,987 shares during the period. Main Street Financial Solutions LLC’s holdings in Comcast were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Finally, OFI Invest Asset Management purchased a new position in shares of Comcast during the 4th quarter worth approximately $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of a number of research reports. Morgan Stanley decreased their price target 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. Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $37.00 to $31.00 in a report on Monday. Barclays cut their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Benchmark reduced their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Comcast Stock Performance

Shares of CMCSA opened at $33.55 on Thursday. 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 Co. has a 52-week low of $32.20 and a 52-week high of $45.31. The stock has a 50 day moving average price of $35.55 and a 200 day moving average price of $38.43. The company has a market capitalization of $126.85 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal 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 given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

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.