B. Riley Wealth Advisors Inc. Sells 11,118 Shares of Comcast Co. (NASDAQ:CMCSA)

B. Riley Wealth Advisors Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,499 shares of the cable giant's stock after selling 11,118 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Comcast were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in Comcast in the 4th quarter valued at $25,000. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at about $28,000. Mpwm Advisory Solutions LLC bought a new position in Comcast in the fourth quarter valued at $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth about $36,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded down $0.35 on Thursday, reaching $34.28. The company had a trading volume of 22,616,839 shares, compared to its average volume of 21,977,585. The company's fifty day moving average is $34.74 and its 200 day moving average is $36.86. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a market cap of $127.99 billion, a P/E ratio of 8.26, a PEG ratio of 1.78 and a beta of 0.97. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMCSA shares. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. KeyCorp decreased their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Oppenheimer dropped their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Citigroup decreased their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.10.

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.