King Luther Capital Management Corp Sells 3,381 Shares of Comcast Co. (NASDAQ:CMCSA)

King Luther Capital Management Corp lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,949 shares of the cable giant’s stock after selling 3,381 shares during the period. King Luther Capital Management Corp’s holdings in Comcast were worth $2,325,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMCSA. Promus Capital LLC bought a new position in shares of Comcast during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew 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 buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter worth $30,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMCSA shares. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Barclays decreased their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a report on Friday, January 31st. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Performance

NASDAQ CMCSA opened at $35.19 on Thursday. The company has a market capitalization of $133.05 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The stock has a fifty day simple moving average of $36.02 and a 200 day simple moving average of $39.26. 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 issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. Sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company 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 $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

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.