Stokes Family Office LLC Purchases 10,141 Shares of Comcast Co. (NASDAQ:CMCSA)

Stokes Family Office LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 41.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,535 shares of the cable giant’s stock after acquiring an additional 10,141 shares during the period. Stokes Family Office LLC’s holdings in Comcast were worth $1,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in Comcast during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC grew its holdings 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 buying an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the 3rd quarter valued at approximately $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

NASDAQ:CMCSA opened at $36.01 on Wednesday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a market cap of $136.15 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The stock has a fifty day simple moving average of $35.86 and a 200-day simple moving average of $39.14. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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 return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 EPS for the current 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 issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CMCSA. JPMorgan Chase & Co. cut their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Benchmark cut their target price 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. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

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.