Flagship Wealth Advisors LLC Acquires New Holdings in Comcast Co. (NASDAQ:CMCSA)

Flagship Wealth Advisors LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,604 shares of the cable giant’s stock, valued at approximately $60,000.

A number of other institutional investors have also made changes to their positions in the stock. Cibc World Markets Corp grew its holdings in Comcast by 11.7% in the 4th quarter. Cibc World Markets Corp now owns 1,153,957 shares of the cable giant’s stock valued at $43,308,000 after buying an additional 121,113 shares during the last quarter. Nicholas Company Inc. grew its holdings in Comcast by 41.4% in the 4th quarter. Nicholas Company Inc. now owns 184,153 shares of the cable giant’s stock valued at $6,911,000 after buying an additional 53,878 shares during the last quarter. GWN Securities Inc. acquired a new stake in Comcast in the 4th quarter valued at approximately $396,000. Harbour Investments Inc. grew its holdings in Comcast by 2.6% in the 4th quarter. Harbour Investments Inc. now owns 23,493 shares of the cable giant’s stock valued at $882,000 after buying an additional 605 shares during the last quarter. Finally, Greenwich Wealth Management LLC grew its holdings in shares of Comcast by 16.1% during the 4th quarter. Greenwich Wealth Management LLC now owns 10,602 shares of the cable giant’s stock worth $398,000 after purchasing an additional 1,467 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Finally, Macquarie decreased their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Up 0.9 %

Shares of CMCSA opened at $35.75 on Tuesday. The stock has a fifty day moving average price of $35.88 and a two-hundred day moving average price of $39.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a market cap of $135.17 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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%. Analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 dividend yield of 3.69%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 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.