Argyle Capital Management LLC Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Argyle Capital Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,386 shares of the cable giant’s stock after purchasing an additional 6,350 shares during the quarter. Argyle Capital Management LLC’s holdings in Comcast were worth $2,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. AMF Tjanstepension AB lifted its holdings in Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Comcast by 9.4% during the third quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock valued at $666,000 after acquiring an additional 1,364 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Comcast by 4,108.2% in the third quarter. Pathway Financial Advisers LLC now owns 8,248 shares of the cable giant’s stock worth $345,000 after acquiring an additional 8,052 shares during the period. Diversify Wealth Management LLC increased its position in Comcast by 14.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 49,117 shares of the cable giant’s stock valued at $2,041,000 after purchasing an additional 6,253 shares during the period. Finally, JFS Wealth Advisors LLC increased its position in Comcast by 14.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 19,321 shares of the cable giant’s stock valued at $807,000 after purchasing an additional 2,395 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays decreased their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Benchmark dropped their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Macquarie decreased their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Trading Up 0.8 %

NASDAQ:CMCSA opened at $35.39 on Friday. The stock has a market cap of $133.81 billion, a price-to-earnings ratio of 8.53, a PEG 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. The company’s 50 day moving average price is $36.37 and its 200-day moving average price is $39.49. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate 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 research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm 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. This represents a $1.32 annualized dividend and a yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 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.