Millstone Evans Group LLC Buys New Position in Comcast Co. (NASDAQ:CMCSA)

Millstone Evans Group LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,150 shares of the cable giant’s stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC grew its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the third quarter worth $30,000. Roxbury Financial LLC purchased a new stake in Comcast in the fourth quarter worth $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the fourth quarter worth $28,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

CMCSA stock opened at $36.75 on Friday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The business’s 50-day moving average is $35.83 and its two-hundred day moving average is $39.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase 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 3.59%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CMCSA shares. Macquarie cut their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.83.

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.