Comcast Co. (NASDAQ:CMCSA) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 881,971 shares of the cable giant’s stock after selling 53,660 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comcast were worth $33,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kovack Advisors Inc. boosted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after purchasing an additional 300 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of Comcast by 13.4% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 12,459 shares of the cable giant’s stock worth $468,000 after purchasing an additional 1,471 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Comcast by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,586,200 shares of the cable giant’s stock worth $59,530,000 after purchasing an additional 32,900 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its position in shares of Comcast by 119.1% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 11,643 shares of the cable giant’s stock worth $437,000 after purchasing an additional 6,328 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of Comcast during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 2.1 %

CMCSA opened at $35.10 on Thursday. The business has a 50 day moving average price of $36.41 and a two-hundred day moving average price of $39.52. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a market cap of $132.71 billion, a PE ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 1.00. 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 posted 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 net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current 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 given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.76%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMCSA shares. Macquarie lowered their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.