Duncker Streett & Co. Inc. Sells 1,366 Shares of Comcast Co. (NASDAQ:CMCSA)

Duncker Streett & Co. Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,657 shares of the cable giant’s stock after selling 1,366 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Comcast were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $30,000. Finally, Dunhill Financial LLC boosted its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CMCSA shares. Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Barclays dropped their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.90 on Friday. The stock’s fifty day moving average is $36.32 and its 200 day moving average is $39.47. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $135.72 billion, a PE ratio of 8.65, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend 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.