Bryce Point Capital LLC Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

Bryce Point Capital LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,530 shares of the cable giant’s stock, valued at approximately $470,000.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMCSA shares. Citigroup cut their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research report on Friday, January 31st. Barclays dropped their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Comcast Price Performance

CMCSA opened at $33.38 on Friday. 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 quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $126.21 billion, a PE ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a fifty day moving average price of $35.76 and a two-hundred day moving average price of $38.87.

Comcast (NASDAQ:CMCSA) last issued 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 net margin of 13.09% and a return on equity of 19.98%. As a group, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 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.