Aviso Financial Inc. Sells 1,094 Shares of Comcast Co. (NASDAQ:CMCSA)

Aviso Financial Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,869 shares of the cable giant’s stock after selling 1,094 shares during the quarter. Aviso Financial Inc.’s holdings in Comcast were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Madison Investment Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $22,495,000. Impact Capital Partners LLC acquired a new position in Comcast during the 4th quarter valued at $450,000. HBK Sorce Advisory LLC grew its position in Comcast by 40.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 351,998 shares of the cable giant’s stock worth $13,210,000 after purchasing an additional 102,087 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Comcast by 17.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 950,442 shares of the cable giant’s stock valued at $35,528,000 after buying an additional 141,819 shares during the period. Finally, Erste Asset Management GmbH grew its position in Comcast by 52.8% during the fourth quarter. Erste Asset Management GmbH now owns 101,859 shares of the cable giant’s stock worth $3,858,000 after buying an additional 35,212 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMCSA shares. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Trading Up 2.1 %

Shares of CMCSA opened at $35.43 on Friday. The stock’s fifty day simple moving average is $35.92 and its 200-day simple moving average is $39.20. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $133.96 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

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 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, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

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.