Strategy Asset Managers LLC Has $368,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Strategy Asset Managers LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,798 shares of the cable giant’s stock after acquiring an additional 676 shares during the quarter. Strategy Asset Managers LLC’s holdings in Comcast were worth $368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the 3rd quarter worth approximately $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.0 %

CMCSA opened at $36.62 on Friday. The company’s 50 day moving average price is $35.89 and its two-hundred day moving average price is $38.99. The firm has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week 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.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. 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 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. Wells Fargo & Company lowered their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Ten research 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, Comcast has a consensus rating of “Moderate Buy” and an average price target of $43.64.

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.