Coign Capital Advisors LLC Purchases Shares of 14,932 Comcast Co. (NASDAQ:CMCSA)

Coign Capital Advisors LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,932 shares of the cable giant's stock, valued at approximately $560,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Comcast during the 4th quarter worth $37,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA stock traded up $0.25 during trading hours on Tuesday, reaching $34.40. The company had a trading volume of 17,983,362 shares, compared to its average volume of 21,709,036. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31. The company 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 debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average of $35.57 and a 200-day moving average of $38.49.

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Comcast (NASDAQ:CMCSA - Get Free Report) last issued its 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%. On average, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared 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 boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.84%. Comcast's dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. UBS Group reduced their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Citigroup lowered their target price 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 downgraded Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $37.00 to $31.00 in a research report on Monday. Finally, Benchmark dropped their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.50.

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.