Freestone Capital Holdings LLC Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Freestone Capital Holdings LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 316,977 shares of the cable giant’s stock after selling 5,860 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Comcast were worth $11,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the fourth quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital lowered 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. Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities decreased their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $35.56 on Thursday. The company has a market cap of $134.45 billion, a P/E ratio of 8.57, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The business’s 50-day simple moving average is $36.17 and its 200 day simple moving average is $39.39.

Comcast (NASDAQ:CMCSA) last issued 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 return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business 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. This represents a $1.32 annualized dividend and a dividend yield of 3.71%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

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.