Williams Jones Wealth Management LLC. Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Williams Jones Wealth Management LLC. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,157 shares of the cable giant's stock after selling 34,866 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Comcast were worth $9,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the fourth quarter valued at about $28,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Comcast in the fourth quarter valued at about $36,000. Finally, OFI Invest Asset Management purchased a new position in shares of Comcast in the fourth quarter valued at about $37,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.2%

Shares of CMCSA traded down $0.07 during mid-day trading on Friday, reaching $34.52. 13,930,047 shares of the company's stock traded hands, compared to its average volume of 21,963,530. The stock has a market cap of $128.89 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.78 and a beta of 0.97. The stock's 50-day moving average is $34.84 and its two-hundred day moving average is $37.00. Comcast Co. has a 12 month low of $31.44 and a 12 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 announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast's payout ratio is 32.43%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Finally, Citigroup decreased their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Company 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.