Intact Investment Management Inc. Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Intact Investment Management Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 5.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 336,900 shares of the cable giant’s stock after selling 20,550 shares during the quarter. Intact Investment Management Inc.’s holdings in Comcast were worth $12,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its holdings in shares of 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 during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at $30,000. Roxbury Financial LLC purchased a new stake in shares of Comcast in the 4th quarter valued at $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.4 %

Shares of NASDAQ CMCSA opened at $34.70 on Friday. The stock has a market cap of $131.20 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. 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 52-week low of $32.50 and a 52-week high of $45.31. The business has a 50-day moving average price of $35.96 and a 200 day moving average price of $39.23.

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

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.80%. Comcast’s dividend payout ratio is 31.81%.

Analysts Set New Price Targets

Several brokerages have weighed in on CMCSA. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Morgan Stanley cut their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

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.