Paces Ferry Wealth Advisors LLC Sells 833 Shares of Comcast Co. (NASDAQ:CMCSA)

Paces Ferry Wealth Advisors LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,471 shares of the cable giant’s stock after selling 833 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Comcast were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Comcast by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after purchasing an additional 838,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. Finally, Amundi grew its holdings in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

Shares of CMCSA opened at $36.75 on Friday. The firm has a market cap of $138.95 billion, a P/E ratio of 8.86, a P/E/G 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. The stock has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $39.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.59%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Loop Capital cut 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. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Bank of America lowered shares of 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. Finally, The Goldman Sachs Group dropped their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

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.