Comcast Co. (NASDAQ:CMCSA) Shares Sold by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,642 shares of the cable giant’s stock after selling 1,704 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC’s holdings in Comcast were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% in the 4th 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 in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management acquired a new position in shares of Comcast in the fourth quarter valued at approximately $37,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 0.1 %

Shares of CMCSA opened at $33.72 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The stock has a market cap of $127.50 billion, a PE ratio of 8.13, a P/E/G ratio of 1.78 and a beta of 0.94. The stock’s 50-day moving average is $35.56 and its two-hundred day moving average is $38.56.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.91%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Scotiabank lifted their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Rosenblatt Securities reduced their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Bank of America lowered shares of 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 report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.90.

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.