Bryce Point Capital LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Bryce Point Capital LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,530 shares of the cable giant's stock, valued at approximately $470,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMCSA. JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research note on Thursday. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $42.90.

Comcast Stock Down 5.0 %

Shares of NASDAQ:CMCSA traded down $1.77 during trading hours on Thursday, reaching $33.41. The stock had a trading volume of 10,782,192 shares, compared to its average volume of 21,651,027. The stock has a market capitalization of $126.31 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 1.78 and a beta of 0.94. The firm's 50 day moving average is $35.55 and its 200-day moving average is $38.66. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.

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.