Formidable Asset Management LLC Sells 328 Shares of Comcast Co. (NASDAQ:CMCSA)

Formidable Asset Management LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,144 shares of the cable giant’s stock after selling 328 shares during the quarter. Formidable Asset Management LLC’s holdings in Comcast were worth $718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Comcast during the 4th quarter valued at approximately $36,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.52 on Friday. 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 firm has a fifty day moving average price of $34.84 and a 200 day moving average price of $37.00. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market cap of $128.89 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s payout ratio is currently 32.43%.

Analyst Ratings Changes

A number of research firms have weighed in on CMCSA. UBS Group set a $44.50 target price on shares of Comcast in a research report on Friday, April 25th. Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Morgan Stanley set a $37.00 target price on shares of Comcast in a research report on Friday, April 25th. Finally, Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.10.

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.