Whipplewood Advisors LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Whipplewood Advisors LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,260 shares of the cable giant’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Winch Advisory Services LLC lifted its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter valued at $30,000. Roxbury Financial LLC purchased a new stake in shares of Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at $28,000. Finally, Dunhill Financial LLC lifted its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.4 %

Shares of NASDAQ:CMCSA opened at $35.90 on Friday. The company has a market cap of $135.72 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.78 and a beta of 1.00. The stock’s 50-day moving average is $36.32 and its 200-day moving average is $39.47. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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

Comcast Increases Dividend

The business also recently announced 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 represents a $1.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMCSA shares. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Benchmark dropped their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.