Comcast Co. (NASDAQ:CMCSA) Shares Bought by Aire Advisors LLC

Aire Advisors LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 42.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 495,113 shares of the cable giant’s stock after acquiring an additional 147,766 shares during the quarter. Comcast comprises approximately 3.8% of Aire Advisors LLC’s portfolio, making the stock its 6th largest holding. Aire Advisors LLC’s holdings in Comcast were worth $18,582,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Promus Capital LLC acquired a new position in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $30,000. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter worth $27,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter valued at $28,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ:CMCSA opened at $36.60 on Tuesday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a fifty day moving average of $35.84 and a 200 day moving average of $39.05. 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 firm has a market capitalization of $138.39 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The business also recently disclosed 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 of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.61%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Benchmark cut their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast 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.