Cypress Capital Group Has $869,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Cypress Capital Group reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,166 shares of the cable giant’s stock after selling 6,197 shares during the quarter. Cypress Capital Group’s holdings in Comcast were worth $869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. SWS Partners grew its stake in Comcast by 2.6% during the fourth quarter. SWS Partners now owns 36,170 shares of the cable giant’s stock worth $1,357,000 after purchasing an additional 916 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Comcast by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock valued at $1,227,591,000 after acquiring an additional 838,366 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Comcast by 5.2% in the fourth quarter. State of Michigan Retirement System now owns 1,106,289 shares of the cable giant’s stock valued at $41,519,000 after purchasing an additional 54,200 shares in the last quarter. Reaves W H & Co. Inc. lifted its holdings in shares of Comcast by 39.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 2,184,079 shares of the cable giant’s stock valued at $81,968,000 after purchasing an additional 617,932 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Comcast by 0.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 625,008 shares of the cable giant’s stock valued at $23,457,000 after purchasing an additional 1,796 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.2 %

Shares of NASDAQ:CMCSA opened at $35.56 on Thursday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The firm has a market capitalization of $134.45 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.78 and a beta of 1.00. The stock has a 50 day moving average price of $36.17 and a 200-day moving average price of $39.39. 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 (NASDAQ:CMCSA) last announced its earnings results 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 research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America lowered 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 report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. 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 stock. Based on data from MarketBeat.com, the company presently 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.