Dorsey & Whitney Trust CO LLC Has $1.89 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Dorsey & Whitney Trust CO LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,263 shares of the cable giant’s stock after selling 1,230 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Comcast were worth $1,886,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in 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 purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast during the 3rd quarter valued at about $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 3.6 %

NASDAQ:CMCSA opened at $37.59 on Friday. The firm’s 50 day moving average is $36.12 and its 200 day moving average is $39.35. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a market capitalization of $142.13 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMCSA shares. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating, nine have given 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 a consensus target price of $43.83.

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.