Duncker Streett & Co. Inc. Sells 1,366 Shares of Comcast Co. (NASDAQ:CMCSA)

Duncker Streett & Co. Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,657 shares of the cable giant’s stock after selling 1,366 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Comcast were worth $1,113,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Financial Advocates Investment Management lifted its holdings in shares of Comcast by 16.8% in the third quarter. Financial Advocates Investment Management now owns 12,013 shares of the cable giant’s stock worth $502,000 after buying an additional 1,731 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Comcast in the third quarter valued at approximately $35,000. Principal Securities Inc. raised its stake in Comcast by 4.5% in the third quarter. Principal Securities Inc. now owns 129,230 shares of the cable giant’s stock valued at $5,398,000 after purchasing an additional 5,572 shares in the last quarter. Cambiar Investors LLC raised its stake in Comcast by 11.8% in the third quarter. Cambiar Investors LLC now owns 1,453,072 shares of the cable giant’s stock valued at $60,695,000 after purchasing an additional 153,069 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Comcast by 9.0% in the third quarter. Farther Finance Advisors LLC now owns 42,810 shares of the cable giant’s stock valued at $1,788,000 after purchasing an additional 3,539 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CMCSA shares. Barclays lowered their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $35.90 on Friday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The business has a 50-day simple moving average of $36.32 and a two-hundred day simple moving average of $39.47. 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 cap of $135.72 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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%. On average, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. Comcast’s payout ratio is 31.81%.

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.