Comcast Co. (NASDAQ:CMCSA) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,755 shares of the cable giant’s stock after selling 662 shares during the period. Legacy Financial Advisors Inc.’s holdings in Comcast were worth $1,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter valued at $50,000. Colonial Trust Advisors increased its holdings in Comcast by 1.3% during the 4th quarter. Colonial Trust Advisors now owns 150,044 shares of the cable giant’s stock worth $5,631,000 after purchasing an additional 1,864 shares during the period. Phoenix Financial Ltd. increased its holdings in Comcast by 9.0% during the 4th quarter. Phoenix Financial Ltd. now owns 45,442 shares of the cable giant’s stock worth $1,706,000 after purchasing an additional 3,771 shares during the period. Bessemer Group Inc. increased its holdings in Comcast by 31.4% during the 4th quarter. Bessemer Group Inc. now owns 2,520,213 shares of the cable giant’s stock worth $94,584,000 after purchasing an additional 601,657 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Comcast by 629.9% during the 4th quarter. APG Asset Management N.V. now owns 3,791,412 shares of the cable giant’s stock worth $137,414,000 after purchasing an additional 3,271,996 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 7.1 %

CMCSA stock opened at $35.18 on Thursday. The company has a market cap of $133.02 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The business’s 50-day simple moving average is $35.55 and its 200 day simple moving average is $38.66.

Comcast (NASDAQ:CMCSA) last posted its 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 net margin of 13.09% and a return on equity of 19.98%. On average, research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Benchmark cut their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. Rosenblatt Securities lowered their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

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.