Global View Capital Management LLC Takes $511,000 Position in Comcast Co. (NASDAQ:CMCSA)

Global View Capital Management LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,650 shares of the cable giant's stock, valued at approximately $511,000.

A number of other hedge funds have also recently modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC increased its position in shares of 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 purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the fourth quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter worth about $30,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Scotiabank lowered shares of Comcast from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and dropped their target price for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Comcast has a consensus rating of "Moderate Buy" and an average target price of $43.83.

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Comcast Stock Performance

NASDAQ CMCSA traded down $0.49 during trading hours on Thursday, hitting $34.70. The company had a trading volume of 32,049,859 shares, compared to its average volume of 27,759,854. The business has a 50 day moving average of $35.96 and a 200-day moving average of $39.23. The company has a market cap of $131.20 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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 yield of 3.80%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is 31.81%.

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.