Mount Lucas Management LP Sells 1,021 Shares of Comcast Co. (NASDAQ:CMCSA)

Mount Lucas Management LP trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,482 shares of the cable giant’s stock after selling 1,021 shares during the quarter. Mount Lucas Management LP’s holdings in Comcast were worth $694,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Taurus Asset Management LLC boosted its position in shares of Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares during the last quarter. Arvest Investments Inc. boosted its position in shares of Comcast by 1.0% during the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after buying an additional 268 shares during the last quarter. McIlrath & Eck LLC boosted its position in shares of Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after buying an additional 282 shares during the last quarter. Mengis Capital Management Inc. boosted its position in shares of Comcast by 1.5% during the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after buying an additional 283 shares during the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Macquarie cut their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities cut their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, 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 report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Performance

NASDAQ:CMCSA opened at $37.59 on Monday. 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 Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The firm has a market cap of $142.13 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00. The business’s fifty day moving average is $36.12 and its 200 day moving average is $39.34.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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%. Research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 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.