Imprint Wealth LLC Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Imprint Wealth LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,241 shares of the cable giant’s stock after selling 1,588 shares during the quarter. Imprint Wealth LLC’s holdings in Comcast were worth $379,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Comcast in the fourth quarter valued at about $1,798,173,000. Moneta Group Investment Advisors LLC increased its holdings in Comcast by 121,265.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after buying an additional 25,509,390 shares during the last quarter. Morgan Stanley increased its holdings in Comcast by 15.2% in the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after buying an additional 5,880,050 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Comcast by 535.8% in the first quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock valued at $222,628,000 after buying an additional 4,007,100 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

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 shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Rosenblatt Securities upped their target price on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, December 22nd. Citigroup upped their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company cut their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.50.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.32 during mid-day trading on Tuesday, hitting $39.11. The company had a trading volume of 5,601,181 shares, compared to its average volume of 20,498,393. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day simple moving average is $42.08 and its 200-day simple moving average is $42.83. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The firm has a market cap of $155.34 billion, a P/E ratio of 10.60, a PEG ratio of 0.96 and a beta of 0.98.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Comcast Company 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.