Financial Counselors Inc. Sells 1,476 Shares of Comcast Co. (NASDAQ:CMCSA)

Financial Counselors Inc. reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,852 shares of the cable giant’s stock after selling 1,476 shares during the quarter. Financial Counselors Inc.’s holdings in Comcast were worth $1,646,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Promus Capital LLC bought a new position in Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted 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 last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Comcast during the third quarter worth $30,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research analyst reports. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. UBS Group cut their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Macquarie dropped their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $43.64.

Comcast Stock Performance

NASDAQ:CMCSA opened at $37.37 on Friday. The company has a market cap of $141.30 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average price of $35.89 and a 200-day moving average price of $39.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. As a group, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business 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 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 3.53%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 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.