Millstone Evans Group LLC Buys Shares of 13,150 Comcast Co. (NASDAQ:CMCSA)

Millstone Evans Group LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 13,150 shares of the cable giant's stock, valued at approximately $494,000.

Several other large investors have also modified their holdings of the business. Promus Capital LLC purchased a new position in Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted 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 valued at $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC purchased a new position in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter valued at $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMCSA. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. UBS Group decreased their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.64.

Remove Ads

Comcast Price Performance

CMCSA traded up $0.43 during midday trading on Wednesday, hitting $37.37. The company had a trading volume of 25,941,135 shares, compared to its average volume of 19,894,674. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The firm's 50-day simple moving average is $35.85 and its 200-day simple moving average is $39.04. The company has a market capitalization of $141.30 billion, a PE ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00. 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 issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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%. Equities research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is 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 yield of 3.53%. Comcast's dividend payout ratio (DPR) is presently 31.81%.

About Comcast

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.