TIAA Trust National Association Sells 3,110 Shares of Comcast Co. (NASDAQ:CMCSA)

TIAA Trust National Association decreased its position in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,809 shares of the cable giant’s stock after selling 3,110 shares during the period. TIAA Trust National Association’s holdings in Comcast were worth $8,587,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Benchmark cut their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays dropped their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Ten 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Stock Performance

Shares of CMCSA stock opened at $36.94 on Wednesday. The company has a fifty day moving average price of $35.85 and a two-hundred day moving average price of $39.04. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The stock has a market cap of $139.67 billion, a P/E ratio of 8.90, 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: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 predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

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.