Comcast Co. (NASDAQ:CMCSA) Shares Sold by Investors Research Corp

Investors Research Corp decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,150 shares of the cable giant’s stock after selling 2,025 shares during the quarter. Investors Research Corp’s holdings in Comcast were worth $794,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% in the 4th 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 purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent research reports. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Morgan Stanley cut their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Performance

Comcast stock opened at $37.59 on Monday. The company has a market cap of $142.13 billion, a PE ratio of 9.06, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a fifty day moving average price of $36.12 and a two-hundred day moving average price of $39.34. 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 Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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 expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared 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 is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.51%. Comcast’s payout ratio is 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.