Hutchinson Capital Management CA Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Hutchinson Capital Management CA decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 54.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 93,781 shares of the cable giant’s stock after selling 113,253 shares during the period. Hutchinson Capital Management CA’s holdings in Comcast were worth $3,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Taurus Asset Management LLC grew its holdings in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares during the last quarter. McIlrath & Eck LLC grew its holdings in 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 last quarter. Dunhill Financial LLC grew its holdings in 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 purchasing an additional 288 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after purchasing an additional 291 shares during the last quarter. Finally, Five Oceans Advisors grew its holdings in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after purchasing an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities decreased their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Performance

Comcast stock opened at $35.43 on Friday. The stock’s 50-day moving average is $35.92 and its 200-day moving average is $39.19. The company has a market cap of $133.96 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.