Envestnet Portfolio Solutions Inc. Sells 8,264 Shares of Comcast Co. (NASDAQ:CMCSA)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,833 shares of the cable giant’s stock after selling 8,264 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Comcast were worth $15,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Choate Investment Advisors increased its stake in shares of Comcast by 3.7% in the fourth quarter. Choate Investment Advisors now owns 37,179 shares of the cable giant’s stock valued at $1,395,000 after buying an additional 1,328 shares in the last quarter. Diversified Enterprises LLC grew its holdings in Comcast by 5.7% during the 4th quarter. Diversified Enterprises LLC now owns 14,627 shares of the cable giant’s stock worth $549,000 after acquiring an additional 794 shares during the last quarter. Poinciana Advisors Group LLC acquired a new stake in Comcast in the 4th quarter valued at about $328,000. First National Trust Co raised its stake in shares of Comcast by 22.9% in the fourth quarter. First National Trust Co now owns 47,327 shares of the cable giant’s stock worth $1,776,000 after acquiring an additional 8,826 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays cut 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. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research report on Friday, January 31st. Finally, StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Price Performance

Shares of CMCSA opened at $35.43 on Monday. The company has a market cap of $133.96 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $35.92 and its 200 day simple moving average is $39.19. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm 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 is Wednesday, April 2nd. 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 3.73%. Comcast’s payout ratio is presently 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.