Crux Wealth Advisors Purchases Shares of 30,550 Comcast Co. (NASDAQ:CMCSA)

Crux Wealth Advisors purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,550 shares of the cable giant's stock, valued at approximately $1,147,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC increased its position in Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Raymond James Financial Inc. bought a new position in Comcast in the fourth quarter valued at about $743,681,000. Bfsg LLC raised its holdings in Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP grew its position in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after buying an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its holdings in Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after buying an additional 59,107 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.25 on Tuesday, hitting $34.40. The company had a trading volume of 17,983,515 shares, compared to its average volume of 21,710,718. The firm has a 50 day moving average of $35.57 and a two-hundred day moving average of $38.49. The stock has a market capitalization of $130.07 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Finally, Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

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.