Beck Mack & Oliver LLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Beck Mack & Oliver LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,539 shares of the cable giant’s stock after purchasing an additional 300 shares during the period. Beck Mack & Oliver LLC’s holdings in Comcast were worth $583,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CMCSA. McIlrath & Eck LLC increased its stake in shares of Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after acquiring an additional 291 shares during the period. Five Oceans Advisors boosted its position in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares during the period. Kovack Advisors Inc. raised its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the period. Finally, Old Port Advisors boosted its holdings in Comcast by 4.9% in the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant’s stock worth $259,000 after buying an additional 325 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.2 %

Shares of CMCSA opened at $33.96 on Friday. The company’s fifty day simple moving average is $35.51 and its 200-day simple moving average is $38.32. The company has a market cap of $128.40 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Rosenblatt Securities dropped their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Benchmark reduced their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.