Wealth Advisors of Tampa Bay LLC Has $4.10 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Wealth Advisors of Tampa Bay LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 109,257 shares of the cable giant’s stock after selling 1,010 shares during the period. Comcast accounts for about 1.8% of Wealth Advisors of Tampa Bay LLC’s investment portfolio, making the stock its 21st largest holding. Wealth Advisors of Tampa Bay LLC’s holdings in Comcast were worth $4,100,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% in 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 in the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter worth $30,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $35.72 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 50-day moving average price of $35.84 and a 200-day moving average price of $38.92. The company has a market cap of $135.06 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

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 net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm 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. This represents a $1.32 annualized dividend and a yield of 3.70%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMCSA shares. Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities dropped their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective 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. Wells Fargo & Company lowered their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

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.