Optimize Financial Inc bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,555 shares of the cable giant's stock, valued at approximately $922,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC grew 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 worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management bought a new stake in Comcast during the 4th quarter worth $37,000. Institutional investors own 84.32% of the company's stock.
Comcast Stock Up 1.7 %
CMCSA traded up $0.59 during mid-day trading on Tuesday, reaching $34.74. 1,706,893 shares of the stock were exchanged, compared to its average volume of 21,647,771. The company has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $38.49. The stock has a market capitalization of $131.35 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. 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 Co. has a 1 year low of $32.20 and a 1 year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results 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%. As a group, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.
Comcast Increases Dividend
The firm also recently declared 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 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 3.80%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on CMCSA shares. Benchmark cut their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities dropped their price target on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Scotiabank boosted their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $37.00 to $31.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.
Check Out Our Latest Stock Analysis on Comcast
Comcast Company Profile
(
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.
See Also
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
