Naviter Wealth LLC Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Naviter Wealth LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 64.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,256 shares of the cable giant’s stock after selling 11,472 shares during the period. Naviter Wealth LLC’s holdings in Comcast were worth $235,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Taurus Asset Management LLC lifted its position in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares in the last quarter. Arvest Investments Inc. grew its position in Comcast by 1.0% during the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock worth $1,137,000 after purchasing an additional 268 shares in the last quarter. McIlrath & Eck LLC raised its stake in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the period. Mengis Capital Management Inc. lifted its holdings in shares of Comcast by 1.5% in the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after purchasing an additional 283 shares in the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 3.6 %

NASDAQ:CMCSA opened at $37.59 on Monday. The company’s 50 day moving average is $36.12 and its 200-day moving average is $39.34. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm has a market cap of $142.13 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its 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 net margin of 13.09% and a return on equity of 19.98%. Equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm 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 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CMCSA shares. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Macquarie lowered their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Loop Capital lowered their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.