2,744 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Sherman Asset Management Inc.

Sherman Asset Management Inc. purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,744 shares of the cable giant’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Taurus Asset Management LLC boosted its stake in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares in the last quarter. Arvest Investments Inc. boosted its stake in shares of Comcast by 1.0% in the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after purchasing an additional 268 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares in the last quarter. Mengis Capital Management Inc. boosted its stake in shares of Comcast by 1.5% in the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after purchasing an additional 283 shares in the last quarter. Finally, Dunhill Financial LLC boosted 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 in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday, January 31st. Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Up 1.4 %

Comcast stock opened at $35.90 on Friday. 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. The firm has a 50 day moving average price of $36.32 and a two-hundred day moving average price of $39.47. The firm has a market cap of $135.72 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.78 and a beta of 1.00.

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, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current 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 paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 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.