GTS Securities LLC Sells 46,017 Shares of Comcast Co. (NASDAQ:CMCSA)

GTS Securities LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 62.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,683 shares of the cable giant’s stock after selling 46,017 shares during the quarter. GTS Securities LLC’s holdings in Comcast were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Five Oceans Advisors grew its holdings in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after purchasing an additional 298 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after acquiring an additional 300 shares in the last quarter. Beck Mack & Oliver LLC raised its holdings in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in shares of Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant’s stock valued at $2,195,000 after purchasing an additional 328 shares in the last quarter. Finally, Spinnaker Trust raised its holdings in shares of Comcast by 0.9% in the 4th quarter. Spinnaker Trust now owns 36,306 shares of the cable giant’s stock valued at $1,363,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Scotiabank reissued a “sector perform” rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, KeyCorp cut their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Stock Performance

Shares of CMCSA opened at $34.52 on Friday. 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 stock has a market cap of $128.89 billion, a P/E ratio of 8.32, a PEG ratio of 1.78 and a beta of 0.97. The company has a 50-day moving average of $34.84 and a two-hundred day moving average of $37.00. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast’s payout ratio is 32.43%.

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.