Glenview Trust co Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Glenview Trust co lowered its position in Comcast Co. (NASDAQ:CMCSA) by 24.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 201,628 shares of the cable giant’s stock after selling 66,063 shares during the period. Glenview Trust co’s holdings in Comcast were worth $7,567,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CMCSA. World Investment Advisors LLC increased its holdings in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comcast in the 4th quarter worth $743,681,000. Bfsg LLC raised its holdings in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the period. Mission Wealth Management LP boosted its position in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. grew its holdings in shares of Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Up 2.1 %

CMCSA stock opened at $35.43 on Friday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company’s 50 day moving average price is $35.92 and its 200 day moving average price is $39.19. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $133.96 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. On average, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

About Comcast

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.