Schechter Investment Advisors LLC Sells 3,717 Shares of Comcast Co. (NASDAQ:CMCSA)

Schechter Investment Advisors LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,345 shares of the cable giant’s stock after selling 3,717 shares during the period. Schechter Investment Advisors LLC’s holdings in Comcast were worth $1,739,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter worth $30,000. Roxbury Financial LLC purchased a new stake in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at about $28,000. Finally, Dunhill Financial LLC grew its stake in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Comcast stock opened at $35.98 on Tuesday. The stock’s 50 day moving average price is $36.28 and its 200 day moving average price is $39.45. The firm has a market capitalization of $136.04 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 net margin of 13.09% and a return on equity of 19.98%. As a group, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. Citigroup decreased their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Barclays decreased their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.