Addison Advisors LLC Has $77,000 Position in Comcast Co. (NASDAQ:CMCSA)

Addison Advisors LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 30.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,050 shares of the cable giant’s stock after selling 909 shares during the quarter. Addison Advisors LLC’s holdings in Comcast were worth $77,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Winch Advisory Services LLC lifted its stake 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 during the period. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at about $28,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter valued at about $30,000. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, 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 note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Performance

Shares of CMCSA opened at $35.85 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50 day moving average price of $36.47 and a two-hundred day moving average price of $39.55. The firm has a market capitalization of $135.55 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued 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%. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. Comcast’s dividend payout ratio is currently 31.81%.

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.