Martin & Co. Inc. TN Sells 1,624 Shares of Comcast Co. (NASDAQ:CMCSA)

Martin & Co. Inc. TN reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,167 shares of the cable giant’s stock after selling 1,624 shares during the period. Martin & Co. Inc. TN’s holdings in Comcast were worth $1,212,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CMCSA. Kalos Management Inc. bought a new position in Comcast in the 1st quarter valued at $28,000. GW&K Investment Management LLC bought a new position in Comcast during the first quarter valued at about $29,000. Caldwell Sutter Capital Inc. increased its holdings in Comcast by 852.1% during the second quarter. Caldwell Sutter Capital Inc. now owns 695 shares of the cable giant’s stock worth $29,000 after buying an additional 622 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in Comcast in the fourth quarter worth about $29,000. Finally, WFA of San Diego LLC purchased a new position in Comcast in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.

Comcast Stock Up 1.2 %

Shares of NASDAQ:CMCSA opened at $42.94 on Tuesday. The firm has a market capitalization of $172.84 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.05 and a beta of 1.06. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $43.38 and a 200-day moving average price of $42.90. Comcast Co. has a 52-week low of $33.78 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.14. Comcast had a net margin of 12.54% and a return on equity of 19.97%. The company had revenue of $30.12 billion during the quarter, compared to analyst estimates of $29.69 billion. During the same period last year, the business earned $0.96 EPS. Comcast’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 3.92 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 32.13%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMCSA shares. KeyCorp increased their target price on shares of Comcast from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 6th. Wolfe Research upgraded Comcast from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. Finally, JPMorgan Chase & Co. raised their target price on Comcast from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, September 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $49.43.

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, advertising sales, and Sky channels.