Comcast Co. (NASDAQ:CMCSA) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,289 shares of the cable giant’s stock after selling 360 shares during the quarter. Hollencrest Capital Management’s holdings in Comcast were worth $48,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CMCSA. Raymond James Financial Inc. acquired a new stake in Comcast in the fourth quarter valued at $743,681,000. Amundi increased its holdings in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of 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 purchasing an additional 8,258,128 shares during the period. FMR LLC boosted its holdings in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares in the last quarter. Finally, Public Sector Pension Investment Board grew 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 buying an additional 2,885,370 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 2.1 %

Shares of NASDAQ CMCSA opened at $35.19 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The stock’s 50-day simple moving average is $36.02 and its 200-day simple moving average is $39.26. The firm has a market cap of $133.05 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.75%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reduced their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Citigroup reduced their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock 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, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.