Comcast Co. (NASDAQ:CMCSA) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd lessened its position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 180,841 shares of the cable giant’s stock after selling 1,174 shares during the quarter. Vinva Investment Management Ltd’s holdings in Comcast were worth $6,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. TrinityPoint Wealth LLC acquired a new position in shares of Comcast in the 3rd quarter valued at approximately $240,000. Baron Wealth Management LLC bought a new position in Comcast during the 3rd quarter worth $273,000. Aviance Capital Partners LLC grew its stake in shares of Comcast by 17.6% in the third quarter. Aviance Capital Partners LLC now owns 64,300 shares of the cable giant’s stock worth $2,686,000 after purchasing an additional 9,640 shares in the last quarter. Lindenwold Advisors INC grew its stake in shares of Comcast by 1.7% in the third quarter. Lindenwold Advisors INC now owns 30,908 shares of the cable giant’s stock worth $1,291,000 after purchasing an additional 522 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of Comcast by 3.8% in the third quarter. Caprock Group LLC now owns 146,544 shares of the cable giant’s stock worth $6,121,000 after purchasing an additional 5,386 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Rosenblatt Securities cut their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Citigroup dropped their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

View Our Latest Research Report on Comcast

Comcast Trading Up 0.7 %

CMCSA stock opened at $36.01 on Wednesday. The business has a fifty day moving average price of $35.86 and a 200 day moving average price of $39.14. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The stock has a market capitalization of $136.15 billion, a price-to-earnings ratio of 8.68, a P/E/G 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.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

Comcast Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAFree Report).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.