Comcast Co. (NASDAQ:CMCSA) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its position in Comcast Co. (NASDAQ:CMCSA) by 41.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,481 shares of the cable giant’s stock after selling 70,718 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Comcast were worth $3,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new position in shares of Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter worth about $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.9 %

NASDAQ:CMCSA opened at $36.94 on Wednesday. The firm has a market capitalization of $139.67 billion, a PE ratio of 8.90, 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 current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $35.85 and a 200-day moving average of $39.04.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. Analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. Barclays reduced their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $48.00 to $44.50 in a report on Monday, February 3rd. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Ten equities 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.64.

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.