Gabelli Funds LLC Sells 39,860 Shares of Comcast Co. (NASDAQ:CMCSA)

Gabelli Funds LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,101,480 shares of the cable giant’s stock after selling 39,860 shares during the quarter. Gabelli Funds LLC’s holdings in Comcast were worth $41,339,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CMCSA. Promus Capital LLC purchased a new stake in Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management purchased a new stake in Comcast in the 4th quarter worth $37,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.3 %

Shares of Comcast stock opened at $34.15 on Tuesday. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31. The stock’s fifty day moving average is $35.57 and its 200-day moving average is $38.49. The firm has a market capitalization of $129.12 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. Equities 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. 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 dividend on an annualized basis and a yield of 3.87%. Comcast’s payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. KeyCorp reduced their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Rosenblatt Securities decreased their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

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.