Burling Wealth Partners LLC Buys New Holdings in Comcast Co. (NASDAQ:CMCSA)

Burling Wealth Partners LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,401 shares of the cable giant's stock, valued at approximately $653,000.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. McIlrath & Eck LLC increased its stake in shares of Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after acquiring an additional 282 shares during the period. Integrated Investment Consultants LLC boosted its holdings in Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares during the last quarter. Five Oceans Advisors grew its position in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares during the period. Kovack Advisors Inc. raised its stake in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after buying an additional 300 shares during the last quarter. Finally, Beck Mack & Oliver LLC lifted its holdings in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after buying an additional 300 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA stock traded down $0.13 on Monday, hitting $33.77. 27,894,383 shares of the company's stock traded hands, compared to its average volume of 21,843,929. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $127.69 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The stock has a fifty day moving average of $35.35 and a 200-day moving average of $38.03.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The business's quarterly revenue was down .6% on a year-over-year basis. On average, analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. Comcast's dividend payout ratio is 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday. Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.88.

About Comcast

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.