Comcast Co. (NASDAQ:CMCSA) Shares Bought by Vestcor Inc

Vestcor Inc lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 201,530 shares of the cable giant’s stock after purchasing an additional 1,267 shares during the quarter. Vestcor Inc’s holdings in Comcast were worth $7,563,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $35.19 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $133.05 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock’s 50 day simple moving average is $36.02 and its 200 day simple moving average is $39.26.

Comcast (NASDAQ:CMCSA) last posted 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%. As a group, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMCSA. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Benchmark decreased their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Barclays decreased their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast currently 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.