Comcast Co. (NASDAQ:CMCSA) Position Boosted by Stokes Family Office LLC

Stokes Family Office LLC boosted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 41.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,535 shares of the cable giant's stock after purchasing an additional 10,141 shares during the period. Stokes Family Office LLC's holdings in Comcast were worth $1,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC increased 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 purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth about $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Scotiabank downgraded shares of Comcast from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Finally, Rosenblatt Securities cut their price target on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast has an average rating of "Moderate Buy" and a consensus price target of $43.83.

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Comcast Stock Up 0.7 %

NASDAQ CMCSA traded up $0.25 during trading hours on Friday, reaching $36.75. 54,562,009 shares of the company traded hands, compared to its average volume of 19,809,472. The company has a 50 day moving average of $35.83 and a two-hundred day moving average of $39.07. The stock has a market capitalization of $138.95 billion, a PE ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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 return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts expect 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. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 31.81%.

Comcast 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.