Signature Estate & Investment Advisors LLC Sells 1,356 Shares of Comcast Co. (NASDAQ:CMCSA)

Signature Estate & Investment Advisors LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,259 shares of the cable giant’s stock after selling 1,356 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Comcast were worth $385,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Comcast in the fourth quarter valued at approximately $743,681,000. Amundi increased its position in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after acquiring an additional 8,258,128 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCSA. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup lowered their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. UBS Group reduced their price objective on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Trading Up 1.2 %

Shares of CMCSA stock opened at $37.37 on Thursday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The business’s fifty day moving average is $35.87 and its 200 day moving average is $39.02. 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 company has a market capitalization of $141.30 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 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.