Imprint Wealth LLC Has $379,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Imprint Wealth LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 16.2% in the 4th quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent analyst reports. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Rosenblatt Securities increased their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.50.

Comcast Stock Performance

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

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

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio is 33.33%.

Insider Buying and Selling at Comcast

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

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.