Peterson Wealth Services Has $1.38 Million Position in Comcast Co. (NASDAQ:CMCSA)

Peterson Wealth Services increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,473 shares of the cable giant’s stock after buying an additional 866 shares during the period. Peterson Wealth Services’ holdings in Comcast were worth $1,380,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. HF Advisory Group LLC boosted its position in Comcast by 50.2% during the 4th quarter. HF Advisory Group LLC now owns 16,086 shares of the cable giant’s stock worth $705,000 after buying an additional 5,376 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Comcast by 2.2% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 162,209 shares of the cable giant’s stock worth $7,113,000 after buying an additional 3,497 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Comcast by 3.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 575,993 shares of the cable giant’s stock worth $25,257,000 after purchasing an additional 21,881 shares during the period. Sfmg LLC lifted its position in shares of Comcast by 2.6% in the 4th quarter. Sfmg LLC now owns 101,022 shares of the cable giant’s stock worth $4,430,000 after purchasing an additional 2,581 shares during the period. Finally, TRUE Private Wealth Advisors lifted its position in shares of Comcast by 8.0% in the 4th quarter. TRUE Private Wealth Advisors now owns 17,647 shares of the cable giant’s stock worth $774,000 after purchasing an additional 1,309 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.59 during trading on Thursday, hitting $39.58. 3,085,114 shares of the company’s stock traded hands, compared to its average volume of 20,441,336. The stock has a market capitalization of $157.21 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.95 and a beta of 0.98. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50 day moving average of $41.89 and a 200-day moving average of $42.76.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. Comcast’s dividend payout ratio is currently 33.33%.

About Comcast

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.