Distillate Capital Partners LLC Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Distillate Capital Partners LLC increased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,047,997 shares of the cable giant's stock after purchasing an additional 62,643 shares during the period. Comcast makes up 1.9% of Distillate Capital Partners LLC's holdings, making the stock its 7th largest position. Distillate Capital Partners LLC's holdings in Comcast were worth $39,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC lifted its position in Comcast by 269.9% during the 4th 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 acquired a new position in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Comcast in the fourth quarter valued at about $37,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA traded up $0.25 during midday trading on Tuesday, hitting $34.40. The company's stock had a trading volume of 17,983,515 shares, compared to its average volume of 21,710,718. The stock has a market capitalization of $130.07 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company's fifty day simple moving average is $35.57 and its two-hundred day simple moving average is $38.49. Comcast Co. has a one year low of $32.20 and a one year high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.

Analyst Ratings Changes

A number of research firms have weighed in on CMCSA. Morgan Stanley decreased their price target on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Loop Capital reduced their target price on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Scotiabank lifted their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.