Stevens Capital Management LP Buys Shares of 25,956 Comcast Co. (NASDAQ:CMCSA)

Stevens Capital Management LP purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,956 shares of the cable giant's stock, valued at approximately $974,000.

Several other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its position in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after acquiring an additional 282 shares during the last quarter. Dunhill Financial LLC boosted its position in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares during the last quarter. Integrated Investment Consultants LLC grew its position in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares during the period. Five Oceans Advisors lifted its position in Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after buying an additional 298 shares during the period. Finally, Kovack Advisors Inc. grew its holdings in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Up 0.5 %

NASDAQ:CMCSA traded up $0.21 during mid-day trading on Thursday, reaching $37.58. The stock had a trading volume of 2,562,453 shares, compared to its average volume of 19,815,675. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $142.07 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The stock's 50 day simple moving average is $35.87 and its two-hundred day simple moving average is $39.02.

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Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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 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. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CMCSA shares. Citigroup lowered their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. UBS Group dropped their price objective on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday. Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. 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. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average target price of $43.64.

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.