First National Advisers LLC Sells 20,869 Shares of Comcast Co. (NASDAQ:CMCSA)

First National Advisers LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 74,166 shares of the cable giant’s stock after selling 20,869 shares during the period. First National Advisers LLC’s holdings in Comcast were worth $2,784,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Comcast during the 4th quarter valued at $743,681,000. Amundi boosted its position in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC boosted its position in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.1 %

NASDAQ:CMCSA opened at $35.43 on Friday. The firm has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $39.19. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market cap of $133.96 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 1.00. 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 announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. Comcast’s payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMCSA. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. BNP Paribas raised shares of 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 dropped their target price 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. Loop Capital dropped their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued 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 target price 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.