Horizon Investment Services LLC Has $491,000 Position in Comcast Co. (NASDAQ:CMCSA)

Horizon Investment Services LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,071 shares of the cable giant’s stock after selling 845 shares during the quarter. Horizon Investment Services LLC’s holdings in Comcast were worth $491,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CreativeOne Wealth LLC boosted its position in Comcast by 226.0% in the third quarter. CreativeOne Wealth LLC now owns 37,391 shares of the cable giant’s stock valued at $1,562,000 after buying an additional 25,921 shares in the last quarter. Fiduciary Trust Co increased its holdings in Comcast by 2.4% during the 3rd quarter. Fiduciary Trust Co now owns 174,490 shares of the cable giant’s stock valued at $7,288,000 after purchasing an additional 4,140 shares in the last quarter. Financial Counselors Inc. raised its position in Comcast by 3.1% in the 3rd quarter. Financial Counselors Inc. now owns 45,328 shares of the cable giant’s stock valued at $1,893,000 after purchasing an additional 1,354 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Comcast by 3.5% during the third quarter. Fred Alger Management LLC now owns 134,166 shares of the cable giant’s stock worth $5,604,000 after purchasing an additional 4,586 shares during the last quarter. Finally, Encompass More Asset Management raised its holdings in shares of Comcast by 5.0% in the third quarter. Encompass More Asset Management now owns 8,748 shares of the cable giant’s stock valued at $365,000 after buying an additional 414 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 2.0 %

Shares of CMCSA stock opened at $36.62 on Friday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $35.89 and a 200-day moving average of $38.99. The company has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released 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%. As a group, equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.60%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMCSA shares. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Citigroup dropped their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, UBS Group decreased their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Ten 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, Comcast presently has an average rating of “Moderate Buy” and an average 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.