New Age Alpha Advisors LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 25,569 shares of the cable giant's stock, valued at approximately $960,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the 3rd quarter worth $30,000. Roxbury Financial LLC acquired a new stake in Comcast during the 4th quarter worth about $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Upgrades and Downgrades
CMCSA has been the topic of a number of recent research reports. BNP Paribas upgraded Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price on the stock in a research report on Friday, January 31st. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and lowered their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Ten investment 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.64.
View Our Latest Research Report on Comcast
Comcast Price Performance
Comcast stock opened at $36.90 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $35.89 and a 200 day moving average price of $38.98. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock has a market cap of $139.52 billion, a P/E ratio of 8.89, a PEG ratio of 1.78 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The firm 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase 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 presently 31.81%.
About Comcast
(
Free Report)
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.
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