Main Street Financial Solutions LLC Trims Holdings in Comcast Co. (NASDAQ:CMCSA)

Main Street Financial Solutions LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.2% during the 4th quarter, HoldingsChannel reports. The firm owned 18,017 shares of the cable giant’s stock after selling 2,987 shares during the period. Main Street Financial Solutions LLC’s holdings in Comcast were worth $676,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Benchmark cut their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Barclays dropped their target price 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. UBS Group reduced their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Price Performance

CMCSA stock opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s 50 day moving average price is $35.55 and its 200 day moving average price is $38.43. The firm has a market cap of $126.85 billion, a P/E ratio of 8.08, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued 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, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.93%. 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.