LaSalle St. Investment Advisors LLC Sells 725 Shares of Comcast Co. (NASDAQ:CMCSA)

LaSalle St. Investment Advisors LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.4% during the 4th quarter, HoldingsChannel reports. The firm owned 6,267 shares of the cable giant’s stock after selling 725 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in Comcast were worth $235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings in shares of 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 buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter valued at approximately $28,000. Finally, Noble Wealth Management PBC acquired a new position in Comcast during the 4th quarter worth approximately $38,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.3 %

Comcast stock opened at $34.15 on Tuesday. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The stock has a market cap of $129.12 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.78 and a beta of 0.94. The company’s 50-day moving average price is $35.57 and its two-hundred day moving average price is $38.49. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently announced 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 represents a $1.32 dividend on an annualized basis and a dividend yield of 3.87%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Morgan Stanley cut their price objective 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. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Comcast Company 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.