Mengis Capital Management Inc. Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

Mengis Capital Management Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,468 shares of the cable giant’s stock after selling 592 shares during the quarter. Mengis Capital Management Inc.’s holdings in Comcast were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CMCSA. Winch Advisory Services LLC increased its holdings in Comcast by 269.9% during the fourth 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 period. Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter valued at approximately $30,000. Roxbury Financial LLC purchased a new position in Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter valued at approximately $28,000. Finally, Dunhill Financial LLC increased its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.2 %

NASDAQ CMCSA opened at $36.30 on Tuesday. The company has a market capitalization of $137.25 billion, a PE ratio of 8.75, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a fifty day moving average of $36.52 and a 200 day moving average of $39.57. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. 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 (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. Research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given 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 yield of 3.64%. Comcast’s payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMCSA. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company lowered their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.