Alpine Woods Capital Investors LLC Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Alpine Woods Capital Investors LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 71.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,449 shares of the cable giant’s stock after purchasing an additional 15,613 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Comcast were worth $1,405,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC lifted its stake in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Price Performance

Shares of CMCSA stock opened at $34.70 on Friday. 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 company has a market capitalization of $131.20 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 1.00. The company’s 50-day simple moving average is $35.96 and its two-hundred day simple moving average is $39.23. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. 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 3.80%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend 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.