Capital Group Private Client Services Inc. Sells 84,188 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital Group Private Client Services Inc. lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,500,897 shares of the cable giant’s stock after selling 84,188 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Comcast were worth $56,329,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its position 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 buying an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth approximately $28,000. Finally, Noble Wealth Management PBC bought a new position in shares of Comcast during the 4th quarter worth approximately $38,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $33.96 on Friday. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $38.37. The company has a market cap of $128.40 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted 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%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business 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 is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. Comcast’s dividend payout ratio is 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Rosenblatt Securities reduced their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a 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. Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. UBS Group lowered their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.