Prosperity Consulting Group LLC Has $322,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Prosperity Consulting Group LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 29.2% during the 4th quarter, HoldingsChannel reports. The fund owned 8,589 shares of the cable giant’s stock after selling 3,536 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Comcast were worth $322,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CMCSA. Promus Capital LLC acquired a new position in Comcast in the fourth quarter valued at about $25,000. Winch Advisory Services LLC increased its holdings in shares of 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 acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast in the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of Comcast in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMCSA shares. Scotiabank restated a “sector perform” rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday. Finally, Oppenheimer decreased their price objective on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.98.

Comcast Stock Up 2.1 %

CMCSA stock opened at $33.90 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $35.35 and a two-hundred day moving average price of $38.03. The company has a market cap of $128.18 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31.

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

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

About Comcast

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.