Evergreen Capital Management LLC Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Evergreen Capital Management LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,086 shares of the cable giant’s stock after selling 536 shares during the quarter. Evergreen Capital Management LLC’s holdings in Comcast were worth $2,968,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dodge & Cox grew its stake in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Jump Financial LLC lifted its holdings in Comcast by 49.1% during the fourth quarter. Jump Financial LLC now owns 83,699 shares of the cable giant’s stock valued at $3,141,000 after purchasing an additional 27,576 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Comcast by 115.4% in the fourth quarter. Bridgewater Associates LP now owns 2,999,578 shares of the cable giant’s stock worth $112,574,000 after purchasing an additional 1,606,937 shares during the period. M Holdings Securities Inc. increased its stake in shares of Comcast by 2.2% in the fourth quarter. M Holdings Securities Inc. now owns 31,068 shares of the cable giant’s stock worth $1,166,000 after purchasing an additional 664 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Comcast during the 4th quarter valued at $12,743,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMCSA. Morgan Stanley cut their price target 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. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. KeyCorp dropped their price target on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Price Performance

Shares of Comcast stock opened at $33.55 on Thursday. The stock has a 50 day moving average price of $35.55 and a 200-day moving average price of $38.43. Comcast Co. has a one year low of $32.20 and a one year high of $45.31. The stock has a market cap of $126.85 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. 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 posted its quarterly earnings data 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 expect that Comcast Co. will post 4.33 EPS for the current 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

About Comcast

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.