New Age Alpha Advisors LLC Takes $960,000 Position in Comcast Co. (NASDAQ:CMCSA)

New Age Alpha Advisors LLC bought a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,569 shares of the cable giant's stock, valued at approximately $960,000.

Other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in shares of Comcast in 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. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC bought a new position in shares of Comcast in the 4th quarter valued at about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $28,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA traded down $2.34 during trading hours on Friday, hitting $33.38. 37,310,535 shares of the company were exchanged, compared to its average volume of 21,518,412. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. The firm's fifty day moving average is $35.76 and its 200 day moving average is $38.87.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMCSA shares. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Citigroup lowered their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. Scotiabank lowered shares of Comcast from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of 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, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.08.

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.