Atlanta Consulting Group Advisors LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Atlanta Consulting Group Advisors LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,463 shares of the cable giant’s stock after selling 2,209 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Comcast were worth $543,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc raised its holdings in Comcast by 145.3% during the third quarter. Impax Asset Management Group plc now owns 42,919 shares of the cable giant’s stock worth $1,793,000 after purchasing an additional 25,419 shares during the last quarter. Concord Asset Management LLC VA raised its holdings in Comcast by 11.7% during the third quarter. Concord Asset Management LLC VA now owns 51,424 shares of the cable giant’s stock worth $2,148,000 after purchasing an additional 5,405 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE acquired a new position in Comcast during the third quarter worth $46,000. Claro Advisors LLC raised its holdings in Comcast by 60.4% during the third quarter. Claro Advisors LLC now owns 31,699 shares of the cable giant’s stock worth $1,324,000 after purchasing an additional 11,931 shares during the last quarter. Finally, TrinityPoint Wealth LLC acquired a new position in Comcast during the third quarter worth $240,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $35.43 on Monday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The business has a 50-day moving average of $35.92 and a 200-day moving average of $39.19. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $133.96 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued 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 return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

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

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.