Comcast Co. (NASDAQ:CMCSA) Shares Sold by Delta Asset Management LLC TN

Delta Asset Management LLC TN lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,411 shares of the cable giant’s stock after selling 168,213 shares during the period. Comcast accounts for approximately 2.0% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 15th biggest position. Delta Asset Management LLC TN’s holdings in Comcast were worth $22,496,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in shares of Comcast by 30.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 427,120 shares of the cable giant’s stock valued at $17,841,000 after buying an additional 98,605 shares during the period. The Manufacturers Life Insurance Company grew its position in Comcast by 5.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,558,230 shares of the cable giant’s stock worth $190,397,000 after acquiring an additional 219,976 shares during the period. Cadence Bank raised its position in Comcast by 1.5% in the third quarter. Cadence Bank now owns 162,607 shares of the cable giant’s stock valued at $6,792,000 after purchasing an additional 2,335 shares during the period. Townsquare Capital LLC increased its position in shares of Comcast by 4.0% during the 3rd quarter. Townsquare Capital LLC now owns 400,315 shares of the cable giant’s stock worth $16,721,000 after purchasing an additional 15,532 shares during the last quarter. Finally, Hardy Reed LLC boosted its position in shares of Comcast by 5.8% during the third quarter. Hardy Reed LLC now owns 7,903 shares of the cable giant’s stock worth $330,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Stock Performance

NASDAQ CMCSA opened at $37.37 on Thursday. The company has a fifty day moving average of $35.87 and a two-hundred day moving average of $39.02. 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 Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a market capitalization of $141.30 billion, a PE ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00.

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 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%. As a group, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.53%. Comcast’s dividend payout ratio is 31.81%.

Comcast 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.