Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lessened by Mount Lucas Management LP

Mount Lucas Management LP trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,482 shares of the cable giant’s stock after selling 1,021 shares during the quarter. Mount Lucas Management LP’s holdings in Comcast were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Enterprise Financial Services Corp increased its holdings in Comcast by 131.8% in the fourth quarter. Enterprise Financial Services Corp now owns 11,490 shares of the cable giant’s stock worth $431,000 after buying an additional 6,533 shares during the last quarter. Sowell Financial Services LLC increased its holdings in Comcast by 2.9% in the fourth quarter. Sowell Financial Services LLC now owns 17,674 shares of the cable giant’s stock worth $663,000 after buying an additional 506 shares during the last quarter. Ruffer LLP acquired a new position in Comcast in the fourth quarter worth approximately $1,077,000. AlphaQuest LLC increased its holdings in Comcast by 887.4% in the fourth quarter. AlphaQuest LLC now owns 11,513 shares of the cable giant’s stock worth $432,000 after buying an additional 10,347 shares during the last quarter. Finally, Roberts Glore & Co. Inc. IL grew its holdings in Comcast by 2.3% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 18,782 shares of the cable giant’s stock valued at $705,000 after purchasing an additional 426 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $37.59 on Monday. The stock has a market capitalization of $142.13 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $36.12 and a two-hundred day moving average price of $39.34.

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, 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 earnings per share for the current year.

Comcast Increases Dividend

The company 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 dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.51%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Analysts Set New Price Targets

Several brokerages have commented on CMCSA. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research report on Friday, January 31st. Citigroup reduced their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley reduced their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.