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

Cornerstone Advisors LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,400 shares of the cable giant’s stock after acquiring an additional 2,300 shares during the period. Cornerstone Advisors LLC’s holdings in Comcast were worth $8,272,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CMCSA. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its position in 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 purchasing an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities lowered their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Citigroup reduced their target price 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 target price 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. Finally, Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Down 3.9 %

CMCSA opened at $36.11 on Tuesday. The firm’s 50-day simple moving average is $36.10 and its 200-day simple moving average is $39.32. 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 twelve month low of $32.50 and a twelve month high of $45.31. The firm has a market cap of $136.53 billion, a price-to-earnings ratio of 8.70, a PEG 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, topping 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 research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.66%. Comcast’s dividend payout ratio 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.