Comcast Co. (NASDAQ:CMCSA) Shares Acquired by MONECO Advisors LLC

MONECO Advisors LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,877 shares of the cable giant’s stock after acquiring an additional 1,413 shares during the quarter. MONECO Advisors LLC’s holdings in Comcast were worth $296,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMCSA. AMF Tjanstepension AB grew its stake in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Arkadios Wealth Advisors boosted its holdings in Comcast by 10.6% during the third quarter. Arkadios Wealth Advisors now owns 23,070 shares of the cable giant’s stock worth $964,000 after buying an additional 2,211 shares in the last quarter. Smith Salley Wealth Management grew its position in Comcast by 1.3% during the third quarter. Smith Salley Wealth Management now owns 26,323 shares of the cable giant’s stock valued at $1,100,000 after buying an additional 337 shares during the period. First Financial Bankshares Inc increased its holdings in Comcast by 1.7% in the third quarter. First Financial Bankshares Inc now owns 819,590 shares of the cable giant’s stock valued at $34,234,000 after buying an additional 13,418 shares in the last quarter. Finally, Hibernia Wealth Partners LLC acquired a new position in shares of Comcast in the third quarter worth about $203,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Benchmark cut their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Trading Up 0.2 %

Shares of Comcast stock opened at $36.30 on Tuesday. 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 stock’s 50 day simple moving average is $36.52 and its 200-day simple moving average is $39.57. The stock has a market cap 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. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.