Cable Hill Partners LLC Sells 1,279 Shares of Comcast Co. (NASDAQ:CMCSA)

Cable Hill Partners LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,743 shares of the cable giant’s stock after selling 1,279 shares during the period. Cable Hill Partners LLC’s holdings in Comcast were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CMCSA. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the fourth quarter worth approximately $28,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the third quarter worth approximately $30,000. Finally, Dunhill Financial LLC raised its stake in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Rosenblatt Securities lowered their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Down 2.1 %

Comcast stock opened at $35.10 on Thursday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a 50 day moving average of $36.41 and a 200-day moving average of $39.52. The stock has a market capitalization of $132.71 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. 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 earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm 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. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.76%. Comcast’s dividend payout ratio is presently 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.