WESPAC Advisors SoCal LLC Decreases Holdings in Comcast Co. (NASDAQ:CMCSA)

WESPAC Advisors SoCal LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,112 shares of the cable giant’s stock after selling 4,525 shares during the period. Comcast comprises 1.6% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 23rd largest position. WESPAC Advisors SoCal LLC’s holdings in Comcast were worth $5,355,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CMCSA. NewSquare Capital LLC grew its position in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the last quarter. Quilter Plc bought a new stake in shares of Comcast in the 1st quarter worth approximately $695,100,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Comcast in the 3rd quarter worth approximately $33,000. Fortis Capital Advisors LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $29,000. Finally, First Personal Financial Services bought a new stake in shares of Comcast in the 3rd quarter worth approximately $39,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.21 during trading on Friday, hitting $40.90. 21,941,054 shares of the company’s stock were exchanged, compared to its average volume of 20,192,220. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The business’s 50-day simple moving average is $42.81 and its 200 day simple moving average is $43.06. The company has a market cap of $162.45 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.00 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, equities analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.03%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CMCSA shares. Wells Fargo & Company dropped their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $55.00 to $53.00 in a research note on Friday. Rosenblatt Securities lifted their price objective on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Finally, Pivotal Research lifted their price objective on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.45.

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.