Western Wealth Management LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 32.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,308 shares of the cable giant's stock after selling 18,413 shares during the quarter. Western Wealth Management LLC's holdings in Comcast were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.\n\nVise Technologies Inc. increased its stake in Comcast by 22.0% in the 4th quarter. Vise Technologies Inc. now owns 57,388 shares of the cable giant's stock worth $2,154,000 after purchasing an additional 10,367 shares in the last quarter. Connecticut Wealth Management LLC grew its stake in Comcast by 6.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 5,720 shares of the cable giant's stock valued at $215,000 after acquiring an additional 359 shares in the last quarter. City National Bank of Florida MSD purchased a new position in Comcast during the 4th quarter valued at about $302,000. DCM Advisors LLC grew its stake in Comcast by 5.3% during the 4th quarter. DCM Advisors LLC now owns 170,676 shares of the cable giant's stock valued at $6,405,000 after acquiring an additional 8,663 shares in the last quarter. Finally, Novem Group purchased a new position in Comcast during the 4th quarter valued at about $3,526,000. Hedge funds and other institutional investors own 84.32% of the company's stock.\n\nAnalyst Ratings Changes\nCMCSA has been the topic of several research analyst reports. Bank of America cut Comcast from a 'buy' rating to a 'neutral' rating and lowered their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Oppenheimer lowered their target price on Comcast from $55.00 to $38.00 and set an 'outperform' rating on the stock in a research note on Friday, April 25th. raised Comcast from a 'buy' rating to a 'strong-buy' rating in a research note on Thursday, February 27th. Barclays lowered their target price on Comcast from $37.00 to $35.00 and set an 'equal weight' rating on the stock in a research note on Monday, April 28th. Finally, Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a 'neutral' rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Comcast presently has a consensus rating of 'Moderate Buy' and an average price target of $42.10.\n\nComcast Stock Performance\nShares of opened at $34.59 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business's 50 day moving average is $34.87 and its two-hundred day moving average is $37.12. The company has a market cap of $129.15 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. Comcast (NASDAQ: CMCSA) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue for the quarter was down 0.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. On average, equities analysts expect that Comcast Co. will post 4.33 EPS for the current year.\n\nComcast Dividend Announcement\nThe firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.\n\nAbout Comcast\nComcast 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.

Comcast Co. (NASDAQ:CMCSA) Stake Trimmed by Western Wealth Management LLC

The article details changes in institutional investor stakes in Comcast, including a 32.5% reduction by Western Wealth Management LLC and increases by Vise Technologies Inc., Connecticut Wealth Management LLC, City National Bank of Florida MSD, DCM Advisors LLC, and Novem Group. Analyst ratings for Comcast were updated, with Bank of America, Oppenheimer, and others adjusting their target prices and ratings. Comcast's stock performance metrics, including a P/E ratio of 8.33 and a market cap of $129.15 billion, are highlighted. The company also announced a quarterly dividend of $0.33 per share.