Nwam LLC Sells 525 Shares of Comcast Co. (NASDAQ:CMCSA)

Nwam LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 30,627 shares of the cable giant’s stock after selling 525 shares during the quarter. Nwam LLC’s holdings in Comcast were worth $1,149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Winch Advisory Services LLC raised its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Comcast in the 3rd quarter valued at about $30,000. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth $28,000. Finally, Dunhill Financial LLC lifted its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.8 %

Shares of CMCSA stock opened at $35.39 on Friday. The stock has a market capitalization of $133.81 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock’s 50-day moving average price is $36.37 and its 200-day moving average price is $39.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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 research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid 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 3.73%. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Loop Capital decreased their price target 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. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.