Blake Schutter Theil Wealth Advisors LLC Has $341,000 Position in Comcast Co. (NASDAQ:CMCSA)

Blake Schutter Theil Wealth Advisors LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 47.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,079 shares of the cable giant’s stock after selling 8,310 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Comcast were worth $341,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have commented on CMCSA shares. Macquarie cut their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Up 3.6 %

Shares of NASDAQ:CMCSA opened at $37.59 on Friday. 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 stock 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. The company has a 50 day moving average of $36.12 and a 200-day moving average of $39.35. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued 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 3.51%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 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.