Naviter Wealth LLC Has $235,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Naviter Wealth LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 64.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,256 shares of the cable giant’s stock after selling 11,472 shares during the quarter. Naviter Wealth LLC’s holdings in Comcast were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Comcast during the 4th quarter worth approximately $743,681,000. Wilmington Savings Fund Society FSB raised its stake in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. FMR LLC boosted its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Comcast by 31.7% during the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock worth $318,036,000 after buying an additional 1,833,453 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Rosenblatt Securities reduced their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Loop Capital lowered their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Benchmark dropped their target price 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. Finally, Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Up 3.6 %

Comcast stock opened at $37.59 on Monday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $142.13 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00. The company’s 50 day simple moving average is $36.12 and its 200 day simple moving average is $39.34.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

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.