Borer Denton & Associates Inc. Sells 7,177 Shares of Comcast Co. (NASDAQ:CMCSA)

Borer Denton & Associates Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,289 shares of the cable giant’s stock after selling 7,177 shares during the quarter. Comcast makes up approximately 0.9% of Borer Denton & Associates Inc.’s holdings, making the stock its 27th largest holding. Borer Denton & Associates Inc.’s holdings in Comcast were worth $2,525,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in Comcast in the fourth quarter valued at about $25,000. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the 4th 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 period. Roxbury Financial LLC bought a new position in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter worth $30,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Citigroup reduced their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.64.

Comcast Trading Up 0.9 %

Shares of CMCSA stock opened at $36.94 on Wednesday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The stock’s fifty day moving average price is $35.85 and its two-hundred day moving average price is $39.04. 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 company has a market cap of $139.67 billion, a PE ratio of 8.90, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.57%. Comcast’s dividend payout ratio (DPR) is 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.