A&I Financial Services LLC Acquires Shares of 5,751 Comcast Co. (NASDAQ:CMCSA)

A&I Financial Services LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,751 shares of the cable giant’s stock, valued at approximately $216,000.

A number of other institutional investors have also modified their holdings of CMCSA. Taurus Asset Management LLC boosted its stake in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares in the last quarter. Arvest Investments Inc. boosted its stake in Comcast by 1.0% in the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after acquiring an additional 268 shares in the last quarter. McIlrath & Eck LLC boosted its stake in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares in the last quarter. Mengis Capital Management Inc. boosted its stake in Comcast by 1.5% in the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after acquiring an additional 283 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities decreased their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Nine equities research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Up 0.8 %

CMCSA stock opened at $35.39 on Friday. The company’s 50 day simple moving average is $36.37 and its 200-day simple moving average is $39.49. The firm has a market capitalization of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month 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.

Comcast (NASDAQ:CMCSA) last released its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. Equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.