DT Investment Partners LLC Has $234,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

DT Investment Partners LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,242 shares of the cable giant’s stock after selling 1,496 shares during the quarter. DT Investment Partners LLC’s holdings in Comcast were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. AMF Tjanstepension AB lifted its holdings in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in Comcast by 5.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant’s stock worth $329,000 after buying an additional 390 shares in the last quarter. Creative Planning lifted its holdings in Comcast by 2.7% during the 3rd quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock worth $40,080,000 after buying an additional 24,968 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Comcast by 5.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,166 shares of the cable giant’s stock worth $675,000 after buying an additional 781 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its holdings in Comcast by 2.4% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 44,678 shares of the cable giant’s stock worth $1,866,000 after buying an additional 1,033 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA opened at $35.38 on Friday. The business’s 50-day moving average price is $37.23 and its two-hundred day moving average price is $39.79. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued 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 3.73%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMCSA. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a research note on Friday, January 31st. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.13.

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.