Comcast Co. (NASDAQ:CMCSA) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,322 shares of the cable giant’s stock after selling 2,454 shares during the period. Schnieders Capital Management LLC’s holdings in Comcast were worth $500,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the 4th 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 in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $30,000. Finally, Dunhill Financial LLC raised its position in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 2.1 %

Shares of NASDAQ CMCSA opened at $35.10 on Thursday. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The firm has a market capitalization of $132.71 billion, a PE ratio of 8.46, a PEG ratio of 1.78 and a beta of 1.00. 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 business has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $39.52.

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

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

Several research firms recently issued reports on CMCSA. Rosenblatt Securities dropped their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

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.