Mizuho Securities USA LLC Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Mizuho Securities USA LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 44.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,774 shares of the cable giant's stock after purchasing an additional 111,275 shares during the period. Mizuho Securities USA LLC's holdings in Comcast were worth $13,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC bought a new stake in Comcast in the 4th quarter valued at $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 1.2 %

Shares of Comcast stock traded up $0.43 during trading on Wednesday, hitting $37.37. The company's stock had a trading volume of 25,941,135 shares, compared to its average volume of 19,897,066. Comcast Co. has a 52 week low of $32.50 and a 52 week 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 stock has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $39.04. The stock has a market cap of $141.30 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

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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 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced 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 represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is presently 31.81%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BNP Paribas upgraded shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. 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 report on Friday, January 31st. UBS Group reduced their price target on Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday. Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price target on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.64.

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.