Comcast Co. (NASDAQ:CMCSA) Shares Bought by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,539 shares of the cable giant’s stock after purchasing an additional 300 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Comcast were worth $583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. World Investment Advisors LLC increased its holdings in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Comcast during the 4th quarter valued at about $743,681,000. Bfsg LLC raised its stake in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Mission Wealth Management LP boosted its holdings in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. grew its stake in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after buying an additional 59,107 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 1.2 %

Shares of NASDAQ CMCSA opened at $33.96 on Friday. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. 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 business has a 50-day moving average of $35.51 and a two-hundred day moving average of $38.32.

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

Comcast Increases Dividend

The business 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. KeyCorp decreased their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Benchmark dropped their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, UBS Group lowered their price objective on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.50.

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.