Corient Private Wealth LLC Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Corient Private Wealth LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,817,468 shares of the cable giant’s stock after selling 15,974 shares during the period. Corient Private Wealth LLC’s holdings in Comcast were worth $104,247,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Comcast during the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $30,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMCSA shares. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Up 2.1 %

Shares of Comcast stock opened at $35.43 on Monday. The company has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $39.19. The stock has a market capitalization of $133.96 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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%. On average, 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. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a positive change 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 3.73%. Comcast’s 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.