Signaturefd LLC Sells 3,670 Shares of Comcast Co. (NASDAQ:CMCSA)

Signaturefd LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,531 shares of the cable giant’s stock after selling 3,670 shares during the quarter. Signaturefd LLC’s holdings in Comcast were worth $2,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Promus Capital LLC bought a new stake in Comcast during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its position in shares of 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 acquiring an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast during the 3rd quarter valued at $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $35.75 on Tuesday. The business has a fifty day moving average of $35.88 and a 200-day moving average of $39.16. 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 twelve month low of $32.50 and a twelve month high of $45.31. The firm has a market cap of $135.17 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.69%. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMCSA. Morgan Stanley dropped their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Loop Capital lowered their price target 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. Nine 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 stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target 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.