Virtu Financial LLC Takes $5.04 Million Position in Comcast Co. (NASDAQ:CMCSA)

Virtu Financial LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 134,158 shares of the cable giant's stock, valued at approximately $5,035,000.

Several other institutional investors have also modified their holdings of CMCSA. Promus Capital LLC acquired a new position in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC bought a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the 3rd quarter worth approximately $30,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. UBS Group decreased their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday. Scotiabank cut shares of Comcast from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Finally, Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and an average price target of $43.64.

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Comcast Stock Up 1.2 %

Comcast stock traded up $0.43 during trading hours on Wednesday, hitting $37.37. The company had a trading volume of 25,941,135 shares, compared to its average volume of 19,897,066. The firm's fifty day moving average is $35.85 and its 200-day moving average is $39.04. The firm has a market capitalization of $141.30 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two 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.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend 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.