Catalyst Funds Management Pty Ltd Sells 51,200 Shares of Comcast Co. (NASDAQ:CMCSA)

Catalyst Funds Management Pty Ltd trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 76.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,400 shares of the cable giant’s stock after selling 51,200 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Comcast were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. FMR LLC raised its holdings in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Comcast by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Comcast by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after purchasing an additional 838,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. Finally, Amundi increased its holdings in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 2.1 %

Shares of CMCSA opened at $35.43 on Friday. The business’s fifty day moving average price is $35.92 and its two-hundred day moving average price is $39.19. The firm has a market capitalization of $133.96 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. 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 (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. On average, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMCSA. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Barclays decreased their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their target price on shares of 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, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

About Comcast

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.