StoneX Group Inc. Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

StoneX Group Inc. lifted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,916 shares of the cable giant's stock after purchasing an additional 8,530 shares during the quarter. StoneX Group Inc.'s holdings in Comcast were worth $1,836,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. McIlrath & Eck LLC raised its position in shares of Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after buying an additional 282 shares in the last quarter. Dunhill Financial LLC raised its holdings in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after acquiring an additional 291 shares during the last quarter. Five Oceans Advisors increased its position in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. raised its stake in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMCSA. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. UBS Group decreased their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.

Comcast Trading Down 6.6 %

Comcast stock traded down $2.34 during mid-day trading on Friday, reaching $33.38. 37,310,535 shares of the company traded hands, compared to its average volume of 21,518,412. The firm's 50 day moving average price is $35.76 and its 200 day moving average price is $38.87. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. 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 firm has a market capitalization 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.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results 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, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.95%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio is presently 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.