Wealth Architects LLC Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Wealth Architects LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,140 shares of the cable giant’s stock after selling 379 shares during the quarter. Wealth Architects LLC’s holdings in Comcast were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMCSA. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% in the fourth 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 in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the third quarter valued at $30,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the fourth quarter valued at $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the fourth quarter valued at $28,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Barclays reduced their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Up 2.1 %

CMCSA opened at $35.43 on Monday. The business has a 50 day simple moving average of $35.92 and a two-hundred day simple moving average of $39.19. 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts predict that Comcast Co. will post 4.33 EPS 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 given a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. Comcast’s dividend payout ratio is presently 31.81%.

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.