First Horizon Advisors Inc. Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

First Horizon Advisors Inc. lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,194 shares of the cable giant’s stock after selling 686 shares during the period. First Horizon Advisors Inc.’s holdings in Comcast were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter worth about $28,000. Finally, Dunhill Financial LLC lifted its holdings in 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 purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2 %

Shares of CMCSA stock opened at $36.30 on Tuesday. The stock 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. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The business has a 50-day moving average of $36.52 and a 200 day moving average of $39.57. 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 issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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 a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.64%. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. 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. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley decreased their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine equities research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.