Allred Capital Management LLC Sells 458 Shares of Comcast Co. (NASDAQ:CMCSA)

Allred Capital Management LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,005 shares of the cable giant’s stock after selling 458 shares during the period. Allred Capital Management LLC’s holdings in Comcast were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. McIlrath & Eck LLC grew its stake in Comcast by 14.8% in the 3rd 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. Integrated Investment Consultants LLC grew its stake in Comcast by 1.8% in 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 in the last quarter. Five Oceans Advisors increased its holdings in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares during the period. Kovack Advisors Inc. raised its position in Comcast by 1.1% during 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 in the last quarter. Finally, Old Port Advisors lifted its holdings in shares of Comcast by 4.9% in the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant’s stock worth $259,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CMCSA shares. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Barclays dropped their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Scotiabank raised their price objective on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $37.00 to $31.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Price Performance

NASDAQ CMCSA opened at $33.96 on Friday. The company has a market cap of $128.40 billion, a price-to-earnings ratio of 8.18, a PEG 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 stock’s fifty day moving average price is $35.54 and its 200 day moving average price is $38.37. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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%. 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 paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.89%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

About Comcast

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.