Twin City Private Wealth LLC Acquires 10,151 Shares of Comcast Co. (NASDAQ:CMCSA)

Twin City Private Wealth LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,985 shares of the cable giant's stock after purchasing an additional 10,151 shares during the quarter. Comcast accounts for approximately 2.7% of Twin City Private Wealth LLC's investment portfolio, making the stock its 4th largest position. Twin City Private Wealth LLC's holdings in Comcast were worth $3,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the period. First Eagle Investment Management LLC increased its holdings in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Comcast by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after acquiring an additional 838,366 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock valued at $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. Finally, Amundi grew its holdings in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMCSA. Scotiabank lowered Comcast from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Loop Capital reduced their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Citigroup reduced their price target on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and cut their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, BNP Paribas raised Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Nine 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, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $43.83.

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Comcast Trading Up 0.7 %

CMCSA opened at $36.75 on Monday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $39.08. The firm has a market cap of $138.95 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced 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 return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.

Comcast Company 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.

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