Boston Family Office LLC Sells 1,199 Shares of Comcast Co. (NASDAQ:CMCSA)

Boston Family Office LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,874 shares of the cable giant’s stock after selling 1,199 shares during the quarter. Boston Family Office LLC’s holdings in Comcast were worth $2,772,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC grew its stake in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after buying an additional 282 shares during the last quarter. Dunhill Financial LLC boosted its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. Integrated Investment Consultants LLC grew its position 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 acquiring an additional 291 shares during the last quarter. Five Oceans Advisors increased its holdings in shares of Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after acquiring an additional 298 shares during the period. Finally, Kovack Advisors Inc. raised its position 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 purchasing an additional 300 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.90 on Tuesday. The business has a 50 day moving average price of $35.89 and a 200 day moving average price of $38.98. 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 $139.52 billion, a P/E ratio of 8.89, a PEG 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 released 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%. Sell-side 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. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. 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. This represents a $1.32 annualized dividend and a dividend yield of 3.58%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Rosenblatt Securities lowered their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $43.64.

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.