Vaughan David Investments LLC IL Sells 15,762 Shares of Comcast Co. (NASDAQ:CMCSA)

Vaughan David Investments LLC IL trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 32.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 33,399 shares of the cable giant’s stock after selling 15,762 shares during the period. Vaughan David Investments LLC IL’s holdings in Comcast were worth $1,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the 4th quarter worth approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in Comcast in the third quarter valued at approximately $30,000. Finally, Dunhill Financial LLC increased its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $35.85 on Wednesday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market capitalization of $135.55 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.78 and a beta of 1.00. The stock’s 50 day moving average price is $36.47 and its two-hundred day moving average price is $39.55. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 anticipate that Comcast Co. will post 4.33 earnings per share for the current 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 issued a dividend of $0.33 per share. This is an increase 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 dividend yield of 3.68%. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMCSA shares. Citigroup cut their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday, January 31st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.83.

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.