Sompo Asset Management Co. Ltd. Has $497,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Sompo Asset Management Co. Ltd. reduced its position in Comcast Co. (NASDAQ:CMCSA) by 25.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,250 shares of the cable giant’s stock after selling 4,460 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Comcast were worth $497,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Citigroup reduced their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. KeyCorp cut their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $34.43 on Thursday. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The stock has a 50 day moving average of $35.44 and a 200-day moving average of $38.18. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $130.19 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were given a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.83%. Comcast’s dividend payout ratio is presently 31.81%.

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.