Comcast Co. (NASDAQ:CMCSA) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,430 shares of the cable giant’s stock after selling 517 shares during the period. Coldstream Capital Management Inc.’s holdings in Comcast were worth $7,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. McIlrath & Eck LLC grew its position in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after acquiring an additional 282 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Comcast by 1.8% during the fourth 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 grew its holdings in shares of Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after purchasing an additional 300 shares during the last quarter. Finally, Beck Mack & Oliver LLC increased its stake in shares of Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after buying an additional 300 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. UBS Group dropped their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Morgan Stanley set a $37.00 price target on Comcast in a report on Friday. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.98.

Comcast Trading Up 2.1 %

NASDAQ CMCSA opened at $33.90 on Friday. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The business’s fifty day moving average is $35.35 and its 200-day moving average is $38.08. The stock has a market capitalization of $128.18 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94. 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 (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. Comcast’s payout ratio is 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.