FourThought Financial Partners LLC Sells 167,104 Shares of Comcast Co. (NASDAQ:CMCSA)

FourThought Financial Partners LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 234,088 shares of the cable giant’s stock after selling 167,104 shares during the quarter. FourThought Financial Partners LLC’s holdings in Comcast were worth $8,785,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMCSA. Wilmington Savings Fund Society FSB lifted its stake in Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after acquiring an additional 8,258,128 shares during the last quarter. FMR LLC boosted its position in shares of Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. Public Sector Pension Investment Board increased its position in Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after acquiring an additional 2,885,370 shares during the period. National Bank of Canada FI boosted its holdings in Comcast by 31.7% in the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after purchasing an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.2 %

CMCSA opened at $36.30 on Tuesday. The stock has a market cap of $137.25 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 1.78 and a beta of 1.00. The company’s 50-day moving average price is $36.52 and its two-hundred day moving average price is $39.57. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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 expect that Comcast Co. will post 4.33 earnings per share for the current 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 issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analyst Ratings Changes

Several research analysts have commented on the company. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research note on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast 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.