Tiemann Investment Advisors LLC Lowers Position in Comcast Co. (NASDAQ:CMCSA)

Tiemann Investment Advisors LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,594 shares of the cable giant’s stock after selling 350 shares during the period. Tiemann Investment Advisors LLC’s holdings in Comcast were worth $435,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Daiwa Securities Group Inc. increased its stake in shares of Comcast by 9.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 806,697 shares of the cable giant’s stock valued at $30,275,000 after purchasing an additional 72,436 shares in the last quarter. First Pacific Advisors LP increased its position in Comcast by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 10,868,463 shares of the cable giant’s stock valued at $407,893,000 after buying an additional 62,829 shares in the last quarter. Enterprise Financial Services Corp raised its stake in Comcast by 131.8% during the fourth quarter. Enterprise Financial Services Corp now owns 11,490 shares of the cable giant’s stock valued at $431,000 after buying an additional 6,533 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in Comcast by 2.9% in the fourth quarter. Sowell Financial Services LLC now owns 17,674 shares of the cable giant’s stock worth $663,000 after acquiring an additional 506 shares in the last quarter. Finally, Ruffer LLP purchased a new stake in shares of Comcast in the fourth quarter worth $1,077,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMCSA. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Morgan Stanley reduced 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 report on Friday, January 31st. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Trading Up 3.6 %

Shares of Comcast stock opened at $37.59 on Monday. 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 stock has a market capitalization of $142.13 billion, a PE ratio of 9.06, 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 company’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $39.34.

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, beating the consensus estimate 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 anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company 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 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 dividend on an annualized basis and a yield of 3.51%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.