Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 14.1% in the fourth quarter, Holdings Channel reports. The firm owned 10,053 shares of the cable giant’s stock after purchasing an additional 1,241 shares during the period. Modern Wealth Management LLC’s holdings in Comcast were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. McIlrath & Eck LLC grew its stake in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares during the period. Dunhill Financial LLC boosted its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares in the last quarter. Integrated Investment Consultants LLC grew its position in Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after buying an additional 291 shares during the period. Five Oceans Advisors increased its holdings in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after buying an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMCSA. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley cut their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Macquarie lowered their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock 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 for the company in a research report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Stock Performance

NASDAQ CMCSA opened at $37.37 on Friday. The company has a market cap of $141.30 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. 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 50-day moving average of $35.89 and a 200-day moving average of $39.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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 predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.53%. 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.