Comcast Co. (NASDAQ:CMCSA) Shares Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,602 shares of the cable giant’s stock after purchasing an additional 1,467 shares during the period. Greenwich Wealth Management LLC’s holdings in Comcast were worth $398,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Choate Investment Advisors increased its holdings in shares of Comcast by 3.7% during the fourth quarter. Choate Investment Advisors now owns 37,179 shares of the cable giant’s stock valued at $1,395,000 after acquiring an additional 1,328 shares in the last quarter. Diversified Enterprises LLC grew its position in Comcast by 5.7% during the 4th quarter. Diversified Enterprises LLC now owns 14,627 shares of the cable giant’s stock worth $549,000 after purchasing an additional 794 shares during the last quarter. Poinciana Advisors Group LLC acquired a new position in Comcast during the 4th quarter valued at approximately $328,000. First National Trust Co raised its holdings in shares of Comcast by 22.9% in the fourth quarter. First National Trust Co now owns 47,327 shares of the cable giant’s stock worth $1,776,000 after buying an additional 8,826 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after buying an additional 2,270,186 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $35.43 on Monday. The firm has a market cap of $133.96 billion, a PE ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 1.00. The business has a 50-day moving average price of $35.92 and a 200 day moving average price of $39.19. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

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

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. Citigroup reduced their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Benchmark dropped their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.83.

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.