HighPoint Advisor Group LLC Sells 8,830 Shares of Comcast Co. (NASDAQ:CMCSA)

HighPoint Advisor Group LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 128,424 shares of the cable giant’s stock after selling 8,830 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Comcast were worth $4,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Promus Capital LLC bought a new position in Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the 3rd quarter worth $30,000. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter worth $27,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter worth $28,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $36.62 on Monday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $138.46 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. The business’s 50 day moving average price is $35.89 and its 200-day moving average price is $38.99.

Comcast (NASDAQ:CMCSA) last released its 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%. Equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company 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 $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.60%. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Benchmark reduced their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. UBS Group lowered their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Citigroup cut their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Ten equities research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.64.

Comcast Profile

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.