Comcast Co. (NASDAQ:CMCSA) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,258,761 shares of the cable giant’s stock after selling 59,300 shares during the quarter. Comcast accounts for 7.8% of Kiltearn Partners LLP’s portfolio, making the stock its 2nd largest position. Kiltearn Partners LLP’s holdings in Comcast were worth $47,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. McIlrath & Eck LLC increased its holdings in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares in the last quarter. Dunhill Financial LLC raised its holdings in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after buying an additional 291 shares in the last quarter. Five Oceans Advisors raised its stake in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after buying an additional 298 shares during the period. Finally, Kovack Advisors Inc. lifted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after buying an additional 300 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $37.37 on Friday. 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 $141.30 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business’s fifty day moving average price is $35.89 and its two-hundred day moving average price is $39.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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%. On average, analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMCSA shares. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Benchmark reduced 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. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.