Capital Analysts LLC Purchases 16,343 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital Analysts LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,258 shares of the cable giant’s stock after purchasing an additional 16,343 shares during the period. Capital Analysts LLC’s holdings in Comcast were worth $9,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC grew its position in Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at $743,681,000. Bfsg LLC raised its holdings in shares of Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after buying an additional 73,590 shares during the last quarter. Mission Wealth Management LP grew its holdings in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. increased its position in Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $33.90 on Friday. The stock has a 50 day simple moving average of $35.35 and a 200 day simple moving average of $38.08. Comcast Co. has a 52-week low of $31.44 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 $128.18 billion, a PE ratio of 8.17, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Ratings Changes

CMCSA has been the topic of a number of research reports. Oppenheimer reduced their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Macquarie lowered their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, UBS Group cut their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $41.98.

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.