Addison Advisors LLC Has $77,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Addison Advisors LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,050 shares of the cable giant’s stock after selling 909 shares during the quarter. Addison Advisors LLC’s holdings in Comcast were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CMCSA. Winch Advisory Services LLC boosted its stake in 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 acquired a new stake in Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the 4th quarter valued at $28,000. Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the 3rd quarter valued at $30,000. Finally, Dunhill Financial LLC boosted its stake in 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 buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CMCSA shares. Barclays decreased their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective 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. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Down 1.2 %

Shares of CMCSA stock opened at $35.85 on Wednesday. The firm has a market capitalization of $135.55 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. 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 stock’s fifty day simple moving average is $36.47 and its 200 day simple moving average is $39.55.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company 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. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s 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.