LPL Financial LLC Acquires 188,331 Shares of Comcast Co. (NASDAQ:CMCSA)

LPL Financial LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,437,898 shares of the cable giant's stock after purchasing an additional 188,331 shares during the period. LPL Financial LLC owned about 0.09% of Comcast worth $129,024,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMCSA. World Investment Advisors LLC boosted its holdings in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Comcast during the fourth quarter valued at $743,681,000. Bfsg LLC grew its position in shares of Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after buying an additional 73,590 shares during the last quarter. Mission Wealth Management LP increased its position in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after buying an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. lifted its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after buying an additional 59,107 shares during the period. Institutional investors own 84.32% of the company's stock.

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Comcast Stock Down 0.2 %

Comcast stock traded down $0.08 during mid-day trading on Thursday, hitting $37.29. The company's stock had a trading volume of 6,080,351 shares, compared to its average volume of 19,828,649. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The firm's 50 day moving average is $35.87 and its 200 day moving average is $39.02. The company has a market cap of $141.01 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. On average, analysts anticipate 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 will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Barclays cut their price objective on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Citigroup decreased 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. Finally, Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average 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.