Hanlon Investment Management Inc. Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Hanlon Investment Management Inc. reduced its position in Comcast Co. (NASDAQ:CMCSA) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,267 shares of the cable giant’s stock after selling 297 shares during the period. Hanlon Investment Management Inc.’s holdings in Comcast were worth $235,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of Comcast in the fourth quarter worth $37,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMCSA shares. The Goldman Sachs Group lowered their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. 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. Citigroup reduced their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Finally, Barclays decreased their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Comcast Price Performance

CMCSA stock opened at $34.15 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 company’s fifty day moving average price is $35.57 and its 200-day moving average price is $38.49. Comcast Co. has a one year low of $32.20 and a one year high of $45.31. The company has a market capitalization of $129.12 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS 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%. On average, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.87%. Comcast’s payout ratio is presently 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.