SPC Financial Inc. Sells 1,653 Shares of Comcast Co. (NASDAQ:CMCSA)

SPC Financial Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,981 shares of the cable giant’s stock after selling 1,653 shares during the quarter. SPC Financial Inc.’s holdings in Comcast were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMCSA. Harbor Capital Advisors Inc. bought a new position in shares of Comcast during the 3rd quarter valued at approximately $44,000. Robeco Institutional Asset Management B.V. boosted its stake in Comcast by 6.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 988,958 shares of the cable giant’s stock worth $41,309,000 after purchasing an additional 61,726 shares during the period. Impax Asset Management Group plc boosted its stake in Comcast by 145.3% in the 3rd quarter. Impax Asset Management Group plc now owns 42,919 shares of the cable giant’s stock worth $1,793,000 after purchasing an additional 25,419 shares during the period. United Advisor Group LLC bought a new position in Comcast in the 3rd quarter worth approximately $222,000. Finally, Avidian Wealth Enterprises LLC boosted its stake in Comcast by 2.1% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,058 shares of the cable giant’s stock worth $671,000 after purchasing an additional 327 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.56 on Thursday. The stock’s fifty day moving average is $36.17 and its 200 day moving average is $39.39. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $134.45 billion, a PE ratio of 8.57, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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, sell-side 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 paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.71%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

Several research firms have weighed in on CMCSA. Barclays dropped 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. Rosenblatt Securities dropped their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

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.