Groupama Asset Managment Sells 22,575 Shares of Comcast Co. (NASDAQ:CMCSA)

Groupama Asset Managment reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,276 shares of the cable giant’s stock after selling 22,575 shares during the quarter. Groupama Asset Managment’s holdings in Comcast were worth $6,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC increased its holdings in 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 purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMCSA. Wells Fargo & Company cut 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 report on Friday, January 31st. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. 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. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $43.64.

Comcast Price Performance

NASDAQ:CMCSA opened at $36.72 on Wednesday. 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 fifty day simple moving average of $35.89 and a 200 day simple moving average of $38.96. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The stock has a market capitalization of $138.84 billion, a PE ratio of 8.85, a P/E/G ratio of 1.78 and a beta of 1.00.

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 expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 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.