Union Bancaire Privee UBP SA Makes New $859,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Union Bancaire Privee UBP SA purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 24,028 shares of the cable giant’s stock, valued at approximately $859,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the 3rd quarter valued at $30,000. Roxbury Financial LLC purchased a new position in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at $28,000. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup reduced their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective 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. Finally, Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Up 0.2 %

Shares of CMCSA opened at $36.30 on Tuesday. The company has a 50-day simple moving average of $36.52 and a 200-day simple moving average of $39.57. The firm has a market capitalization of $137.25 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.78 and a beta of 1.00. 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.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. This is a boost 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.