TIAA Trust National Association Sells 3,110 Shares of Comcast Co. (NASDAQ:CMCSA)

TIAA Trust National Association lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 228,809 shares of the cable giant’s stock after selling 3,110 shares during the quarter. TIAA Trust National Association’s holdings in Comcast were worth $8,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Promus Capital LLC bought a new position in shares of Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC grew its stake 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 bought a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.9 %

NASDAQ CMCSA opened at $36.94 on Wednesday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. 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 firm has a market capitalization of $139.67 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business’s 50-day moving average price is $35.85 and its two-hundred day moving average price is $39.04.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 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 expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company 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 $0.33 dividend. This is a positive change 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 yield of 3.57%. Comcast’s payout ratio is presently 31.81%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays lowered their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. UBS Group reduced their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Ten equities 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

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.