Exchange Capital Management Inc. Has $4.42 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Exchange Capital Management Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 19.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,880 shares of the cable giant’s stock after selling 29,090 shares during the period. Exchange Capital Management Inc.’s holdings in Comcast were worth $4,424,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter worth approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in Comcast during the 3rd quarter worth approximately $30,000. Finally, Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $36.30 on Tuesday. The stock has a market capitalization of $137.25 billion, a P/E ratio of 8.75, a P/E/G 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s 50-day moving average is $36.52 and its two-hundred day moving average is $39.57.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. Comcast’s payout ratio is currently 31.81%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 price target on Comcast in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company cut their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.