B. Metzler seel. Sohn & Co. AG Reduces Position in Comcast Co. (NASDAQ:CMCSA)

B. Metzler seel. Sohn & Co. AG cut its stake in Comcast Co. (NASDAQ:CMCSA) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,929 shares of the cable giant’s stock after selling 77,158 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Comcast were worth $9,488,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. Colrain Capital LLC bought a new position in Comcast during the 4th quarter worth about $2,984,000. Prudent Man Investment Management Inc. purchased a new position in Comcast during the fourth quarter valued at approximately $45,000. Meeder Asset Management Inc. raised its stake in Comcast by 225.5% in the fourth quarter. Meeder Asset Management Inc. now owns 216,185 shares of the cable giant’s stock worth $8,113,000 after buying an additional 149,772 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its holdings in Comcast by 14.7% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 38,905 shares of the cable giant’s stock worth $1,460,000 after buying an additional 4,974 shares during the period. Finally, Everstar Asset Management LLC boosted its position in Comcast by 11.5% during the 4th quarter. Everstar Asset Management LLC now owns 7,712 shares of the cable giant’s stock valued at $289,000 after acquiring an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMCSA. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Loop Capital decreased 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, Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $43.64.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $36.62 on Monday. The stock has a market cap of $138.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a 50 day simple moving average of $35.89 and a two-hundred day simple moving average of $38.99. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted 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%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current 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 issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.60%. Comcast’s payout ratio is presently 31.81%.

Comcast 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.