Steel Grove Capital Advisors LLC Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Steel Grove Capital Advisors LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,094 shares of the cable giant’s stock after selling 3,917 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Comcast were worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. McIlrath & Eck LLC lifted its position in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after buying an additional 282 shares during the period. Integrated Investment Consultants LLC grew its stake in Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after purchasing an additional 291 shares in the last quarter. Five Oceans Advisors boosted its stake in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after acquiring an additional 298 shares during the last quarter. Kovack Advisors Inc. increased its holdings in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after buying an additional 300 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock worth $583,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. Loop Capital lowered their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. KeyCorp decreased their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.50.

Comcast Stock Down 1.2 %

NASDAQ CMCSA opened at $33.60 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The stock has a market capitalization of $127.04 billion, a PE ratio of 8.10, a PEG ratio of 1.78 and a beta of 0.94. The business’s 50-day moving average is $35.49 and its 200 day moving average is $38.23.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share 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 paid a $0.33 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.93%. Comcast’s dividend payout ratio is 31.81%.

Comcast 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.