Paces Ferry Wealth Advisors LLC Has $355,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Paces Ferry Wealth Advisors LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,471 shares of the cable giant’s stock after selling 833 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Comcast were worth $355,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CMCSA. McIlrath & Eck LLC boosted its holdings in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% during 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 in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after purchasing an additional 291 shares during the last quarter. Five Oceans Advisors increased its stake in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after buying an additional 298 shares during the period. Finally, Kovack Advisors Inc. raised its holdings in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after buying an additional 300 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMCSA. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research report on Friday, January 31st. Citigroup lowered their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities reduced their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Nine investment 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. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Price Performance

CMCSA stock opened at $36.75 on Friday. 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’s 50-day moving average is $35.83 and its 200-day moving average is $39.07. The stock has a market capitalization of $138.95 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 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.