Front Row Advisors LLC Sells 579 Shares of Comcast Co. (NASDAQ:CMCSA)

Front Row Advisors LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,986 shares of the cable giant’s stock after selling 579 shares during the period. Front Row Advisors LLC’s holdings in Comcast were worth $375,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CMCSA. McIlrath & Eck LLC boosted its stake in shares of Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the period. Dunhill Financial LLC raised its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the last quarter. Integrated Investment Consultants LLC grew its position in Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after buying an additional 291 shares during the last quarter. Five Oceans Advisors increased its position in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Rosenblatt Securities decreased their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Barclays dropped their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group cut their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.64.

Comcast Trading Up 0.8 %

NASDAQ CMCSA opened at $36.90 on Tuesday. 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 stock’s 50 day moving average price is $35.89 and its two-hundred day moving average price is $38.98. The stock has a market capitalization of $139.52 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 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.