Biltmore Family Office LLC Has $451,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Biltmore Family Office LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,025 shares of the cable giant’s stock after selling 506 shares during the period. Biltmore Family Office LLC’s holdings in Comcast were worth $451,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. OneAscent Financial Services LLC boosted its holdings in Comcast by 30.6% during the 4th quarter. OneAscent Financial Services LLC now owns 14,447 shares of the cable giant’s stock worth $542,000 after acquiring an additional 3,385 shares during the last quarter. Bryce Point Capital LLC purchased a new position in Comcast during the fourth quarter worth about $470,000. Potomac Fund Management Inc. ADV bought a new stake in Comcast in the 4th quarter worth about $1,467,000. May Hill Capital LLC purchased a new stake in Comcast in the 4th quarter valued at about $274,000. Finally, Geode Capital Management LLC lifted its position in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after buying an additional 1,006,272 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $36.61 on Thursday. The business’s 50-day moving average price is $35.88 and its 200-day moving average price is $38.94. The stock has a market cap of $138.42 billion, a PE ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMCSA. Wells Fargo & Company decreased their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Barclays decreased their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Macquarie cut their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Finally, UBS Group dropped their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Ten 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 company’s stock. Based on data from MarketBeat.com, Comcast presently 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.