Comcast Co. (NASDAQ:CMCSA) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,876 shares of the cable giant’s stock after selling 1,335 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Comcast were worth $4,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Loudon Investment Management LLC grew its stake in shares of Comcast by 5.9% during the 4th quarter. Loudon Investment Management LLC now owns 110,553 shares of the cable giant’s stock worth $4,149,000 after purchasing an additional 6,113 shares during the period. Holderness Investments Co. grew its stake in shares of Comcast by 5.3% during the 4th quarter. Holderness Investments Co. now owns 27,685 shares of the cable giant’s stock worth $1,039,000 after purchasing an additional 1,403 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $1,831,000. iA Global Asset Management Inc. grew its stake in shares of Comcast by 11.2% during the 4th quarter. iA Global Asset Management Inc. now owns 503,013 shares of the cable giant’s stock worth $18,878,000 after purchasing an additional 50,497 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $5,897,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Benchmark dropped their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Up 1.1 %

NASDAQ CMCSA opened at $36.50 on Friday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $35.83 and its 200-day simple moving average is $39.10. The firm has a market cap of $138.01 billion, a PE ratio of 8.80, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate 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, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current 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 issued a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 2nd. 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.