Clark Estates Inc. NY Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Clark Estates Inc. NY reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,740 shares of the cable giant’s stock after selling 7,360 shares during the quarter. Clark Estates Inc. NY’s holdings in Comcast were worth $2,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Comcast during the 3rd quarter valued at about $44,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Comcast by 6.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 988,958 shares of the cable giant’s stock valued at $41,309,000 after acquiring an additional 61,726 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Comcast by 145.3% in the 3rd quarter. Impax Asset Management Group plc now owns 42,919 shares of the cable giant’s stock valued at $1,793,000 after purchasing an additional 25,419 shares during the last quarter. FSM Wealth Advisors LLC boosted its stake in Comcast by 20.6% in the 3rd quarter. FSM Wealth Advisors LLC now owns 9,643 shares of the cable giant’s stock worth $403,000 after purchasing an additional 1,648 shares in the last quarter. Finally, United Advisor Group LLC acquired a new stake in Comcast in the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.3 %

Comcast stock opened at $35.50 on Wednesday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a market capitalization of $134.23 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. 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 business has a 50 day simple moving average of $36.23 and a 200-day simple moving average of $39.42.

Comcast (NASDAQ:CMCSA) last posted 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 net margin of 13.09% and a return on equity of 19.98%. On average, analysts anticipate 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. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.