SPC Financial Inc. Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

SPC Financial Inc. decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,981 shares of the cable giant’s stock after selling 1,653 shares during the quarter. SPC Financial Inc.’s holdings in Comcast were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Comcast by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock valued at $1,227,591,000 after buying an additional 838,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after buying an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after buying an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Comcast by 4.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after buying an additional 676,920 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMCSA shares. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Citigroup lowered their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $35.56 on Thursday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The business has a 50-day simple moving average of $36.17 and a two-hundred day simple moving average of $39.39. 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 firm has a market cap of $134.45 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. On average, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.71%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend 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.