Comcast Co. (NASDAQ:CMCSA) Shares Sold by Archon Partners LLC

Archon Partners LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,000 shares of the cable giant's stock after selling 50,000 shares during the quarter. Archon Partners LLC's holdings in Comcast were worth $4,879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Promus Capital LLC purchased a new position in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management purchased a new position in Comcast in the 4th quarter worth $37,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMCSA. Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday. Loop Capital decreased their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Macquarie lowered their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, UBS Group dropped their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.98.

Comcast Price Performance

CMCSA traded up $0.71 on Friday, reaching $33.90. 29,362,656 shares of the company's stock were exchanged, compared to its average volume of 21,819,633. The stock has a market cap of $128.18 billion, a PE ratio of 8.17, a P/E/G ratio of 1.78 and a beta of 0.94. The stock's fifty day moving average price is $35.35 and its 200-day moving average price is $38.05. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. This is an increase from Comcast's previous quarterly dividend of $0.31. 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.