Mission Wealth Management LP Purchases 3,344 Shares of Comcast Co. (NASDAQ:CMCSA)

Mission Wealth Management LP raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,509 shares of the cable giant’s stock after acquiring an additional 3,344 shares during the quarter. Mission Wealth Management LP’s holdings in Comcast were worth $1,633,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at about $28,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter valued at about $30,000. Finally, Dunhill Financial LLC grew its position in shares of 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 purchasing an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 0.3 %

Shares of NASDAQ CMCSA opened at $35.98 on Tuesday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two 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. The company has a market cap of $136.04 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.78 and a beta of 1.00. The business’s 50 day moving average price is $36.28 and its 200-day moving average price is $39.45.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. 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 dividend on an annualized basis and a yield of 3.67%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Citigroup lowered their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Macquarie cut their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays decreased their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, Benchmark dropped their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.