Curi RMB Capital LLC Has $12.21 Million Position in Comcast Co. (NASDAQ:CMCSA)

Curi RMB Capital LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 44.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,403 shares of the cable giant's stock after buying an additional 100,486 shares during the quarter. Curi RMB Capital LLC's holdings in Comcast were worth $12,212,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CMCSA. McIlrath & Eck LLC lifted its stake in Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after acquiring an additional 282 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after acquiring an additional 291 shares in the last quarter. Five Oceans Advisors boosted its position in Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after purchasing an additional 298 shares during the last quarter. Kovack Advisors Inc. grew its stake in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. Finally, Old Port Advisors increased its position in Comcast by 4.9% in the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant's stock worth $259,000 after purchasing an additional 325 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock traded down $1.28 during trading on Thursday, hitting $33.19. 44,263,311 shares of the company's stock traded hands, compared to its average volume of 21,876,092. Comcast Co. has a twelve month low of $31.54 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $125.49 billion, a PE ratio of 8.00, a PEG ratio of 1.78 and a beta of 0.94. The firm's fifty day moving average price is $35.44 and its 200 day moving average price is $38.18.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.98%. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CMCSA shares. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group dropped their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. The Goldman Sachs Group reduced their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.