Whalerock Point Partners LLC Sells 6,149 Shares of Comcast Co. (NASDAQ:CMCSA)

Whalerock Point Partners LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 17.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 28,677 shares of the cable giant’s stock after selling 6,149 shares during the period. Whalerock Point Partners LLC’s holdings in Comcast were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Capital World Investors lifted its position in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new position in shares of Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC lifted its position in Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after buying an additional 1,006,272 shares in the last quarter. Dodge & Cox grew its stake in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Comcast by 11.5% in the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant’s stock valued at $1,695,454,000 after purchasing an additional 4,669,069 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $33.90 on Friday. 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 stock has a fifty day simple moving average of $35.35 and a two-hundred day simple moving average of $38.05. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market cap of $128.18 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. Comcast’s payout ratio is 31.81%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday. Macquarie cut their price objective on Comcast from $42.00 to $36.00 and set a “neutral” 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 report on Friday, January 31st. Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group lowered their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.98.

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.