Dempze Nancy E Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Dempze Nancy E trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 26.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the cable giant’s stock after selling 3,520 shares during the period. Dempze Nancy E’s holdings in Comcast were worth $375,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Promus Capital LLC purchased a new stake in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the fourth 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 last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter valued at approximately $30,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group reduced their target price on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $33.38 on Friday. The stock has a market cap of $126.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm has a fifty day moving average price of $35.76 and a 200-day moving average price of $38.87. 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:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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 analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.95%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 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.