Comcast Co. (NASDAQ:CMCSA) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,741 shares of the cable giant’s stock after selling 3,054 shares during the period. Quadrant Capital Group LLC’s holdings in Comcast were worth $1,454,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Morse Asset Management Inc purchased a new stake in shares of Comcast in the 3rd quarter worth about $451,000. iSAM Funds UK Ltd purchased a new stake in shares of Comcast in the third quarter valued at about $480,000. World Investment Advisors LLC increased its stake in shares of Comcast by 1,942.0% during the 3rd quarter. World Investment Advisors LLC now owns 517,715 shares of the cable giant’s stock worth $21,625,000 after purchasing an additional 492,362 shares in the last quarter. Bontempo Ohly Capital Mgmt LLC raised its position in shares of Comcast by 1.2% during the 3rd quarter. Bontempo Ohly Capital Mgmt LLC now owns 97,503 shares of the cable giant’s stock worth $4,073,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target 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. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. UBS Group lowered their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Finally, Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Comcast Stock Down 6.6 %

Shares of Comcast stock opened at $33.38 on Monday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The stock has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average price of $35.76 and a 200 day moving average price of $38.87.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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 research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 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.