First Foundation Advisors Sells 434 Shares of Comcast Co. (NASDAQ:CMCSA)

First Foundation Advisors lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,126 shares of the cable giant’s stock after selling 434 shares during the quarter. First Foundation Advisors’ holdings in Comcast were worth $605,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Redwood Park Advisors LLC purchased a new stake in Comcast during the fourth quarter valued at approximately $50,000. Colonial Trust Advisors raised its holdings in Comcast by 1.3% during the 4th quarter. Colonial Trust Advisors now owns 150,044 shares of the cable giant’s stock valued at $5,631,000 after buying an additional 1,864 shares during the period. Phoenix Financial Ltd. lifted its position in Comcast by 9.0% in the fourth quarter. Phoenix Financial Ltd. now owns 45,442 shares of the cable giant’s stock worth $1,706,000 after buying an additional 3,771 shares during the last quarter. Bessemer Group Inc. increased its position in Comcast by 31.4% during the fourth quarter. Bessemer Group Inc. now owns 2,520,213 shares of the cable giant’s stock valued at $94,584,000 after acquiring an additional 601,657 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Comcast by 629.9% in the fourth quarter. APG Asset Management N.V. now owns 3,791,412 shares of the cable giant’s stock valued at $137,414,000 after acquiring an additional 3,271,996 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $33.68 on Friday. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31. The firm’s fifty day simple moving average is $35.56 and its two-hundred day simple moving average is $38.61. 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 firm has a market capitalization of $127.34 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Thursday. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Morgan Stanley cut their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Citigroup decreased their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $42.90.

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.