Noble Wealth Management PBC Invests $38,000 in Comcast Co. (NASDAQ:CMCSA)

Noble Wealth Management PBC purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,003 shares of the cable giant’s stock, valued at approximately $38,000.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at $28,000. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the third quarter valued at $30,000. Finally, Dunhill Financial LLC boosted its stake in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Barclays lowered their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Nine investment 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.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Performance

Shares of CMCSA opened at $35.90 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is $36.32 and its 200-day moving average price is $39.47. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The stock 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.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 anticipate 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. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. Comcast’s payout ratio is currently 31.81%.

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.