FourThought Financial Partners LLC Sells 167,104 Shares of Comcast Co. (NASDAQ:CMCSA)

FourThought Financial Partners LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 41.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 234,088 shares of the cable giant’s stock after selling 167,104 shares during the quarter. FourThought Financial Partners LLC’s holdings in Comcast were worth $8,785,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its position in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the period. Arkadios Wealth Advisors lifted its position in Comcast by 10.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 23,070 shares of the cable giant’s stock valued at $964,000 after acquiring an additional 2,211 shares during the period. Smith Salley Wealth Management grew its holdings in Comcast by 1.3% in the third quarter. Smith Salley Wealth Management now owns 26,323 shares of the cable giant’s stock worth $1,100,000 after purchasing an additional 337 shares during the period. First Financial Bankshares Inc increased its stake in shares of Comcast by 1.7% during the third quarter. First Financial Bankshares Inc now owns 819,590 shares of the cable giant’s stock valued at $34,234,000 after purchasing an additional 13,418 shares in the last quarter. Finally, Hibernia Wealth Partners LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $36.30 on Tuesday. 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 firm has a market capitalization of $137.25 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.78 and a beta of 1.00. The stock has a 50 day moving average price of $36.52 and a 200 day moving average price of $39.57. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 net margin of 13.09% and a return on equity of 19.98%. As a group, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Benchmark reduced their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley dropped their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.