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

Capital Analysts LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,258 shares of the cable giant’s stock after buying an additional 16,343 shares during the quarter. Capital Analysts LLC’s holdings in Comcast were worth $9,430,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% during 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 during the period. Roxbury Financial LLC bought a new stake in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management bought a new position in Comcast in the 4th quarter valued at about $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $33.90 on Friday. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock 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. The company has a 50 day simple moving average of $35.35 and a 200 day simple moving average of $38.08.

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

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were issued 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 of this dividend was Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Scotiabank reaffirmed a “sector perform” rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.