Tucker Asset Management LLC Sells 1,559 Shares of Comcast Co. (NASDAQ:CMCSA)

Tucker Asset Management LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,224 shares of the cable giant’s stock after selling 1,559 shares during the period. Tucker Asset Management LLC’s holdings in Comcast were worth $421,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC boosted its holdings in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at $743,681,000. Bfsg LLC lifted its position in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Mission Wealth Management LP boosted its holdings in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. raised its holdings in Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after purchasing an additional 59,107 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, UBS Group cut their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $43.64.

Comcast Stock Performance

Shares of CMCSA opened at $36.62 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth 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 stock’s 50-day simple moving average is $35.89 and its 200 day simple moving average is $38.99.

Comcast (NASDAQ:CMCSA) last posted 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%. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. 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 annualized dividend and a yield of 3.60%. Comcast’s payout ratio is 31.81%.

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.