Comcast Co. (NASDAQ:CMCSA) Position Cut by Anchor Investment Management LLC

Anchor Investment Management LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,697 shares of the cable giant’s stock after selling 9,963 shares during the period. Anchor Investment Management LLC’s holdings in Comcast were worth $2,466,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Bridgewater Associates LP grew its position in shares of Comcast by 115.4% during the 4th quarter. Bridgewater Associates LP now owns 2,999,578 shares of the cable giant’s stock worth $112,574,000 after buying an additional 1,606,937 shares during the period. M Holdings Securities Inc. increased its position in Comcast by 2.2% during the fourth quarter. M Holdings Securities Inc. now owns 31,068 shares of the cable giant’s stock worth $1,166,000 after acquiring an additional 664 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Comcast during the 4th quarter worth approximately $12,743,000. Canada Post Corp Registered Pension Plan acquired a new position in Comcast in the 4th quarter worth about $3,422,000. Finally, Broyhill Asset Management acquired a new position in shares of Comcast in the 4th quarter worth approximately $242,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.15 on Tuesday. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $129.12 billion, a PE ratio of 8.23, a PEG ratio of 1.78 and a beta of 0.94. The business has a fifty day moving average price of $35.57 and a 200-day moving average price of $38.49.

Comcast (NASDAQ:CMCSA) last posted 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, equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group reduced their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Scotiabank upped their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.50.

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.