Private Wealth Management Group LLC Acquires Shares of 1,808 Comcast Co. (NASDAQ:CMCSA)

Private Wealth Management Group LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,808 shares of the cable giant’s stock, valued at approximately $79,000.

Several other hedge funds have also modified their holdings of CMCSA. NewSquare Capital LLC boosted its stake in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in Comcast during the 4th quarter worth $37,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Comcast during the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Comcast in the 4th quarter valued at $44,000. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.3 %

Shares of CMCSA stock traded down $0.10 during mid-day trading on Friday, reaching $39.27. 13,733,368 shares of the stock traded hands, compared to its average volume of 21,923,466. The stock’s fifty day simple moving average is $40.63 and its two-hundred day simple moving average is $42.16. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market cap of $154.08 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. On average, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CMCSA shares. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Monday, May 13th. Scotiabank decreased their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.33.

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.