IHT Wealth Management LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

IHT Wealth Management LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,169 shares of the cable giant's stock after selling 23,865 shares during the period. IHT Wealth Management LLC's holdings in Comcast were worth $1,508,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors increased its stake in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank bought a new stake in shares of Comcast during the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC raised its position in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Dodge & Cox lifted its position in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Comcast by 11.5% during the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after acquiring an additional 4,669,069 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.5 %

Shares of CMCSA traded down $0.16 during mid-day trading on Monday, hitting $33.74. 7,395,234 shares of the company's stock were exchanged, compared to its average volume of 21,763,653. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $127.58 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 1.78 and a beta of 0.94. The stock's 50-day moving average is $35.35 and its 200-day moving average is $38.03. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

A number of research firms have commented on CMCSA. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday. Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.88.

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.