Triad Wealth Partners LLC Buys Shares of 7,453 Comcast Co. (NASDAQ:CMCSA)

Triad Wealth Partners LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,453 shares of the cable giant’s stock, valued at approximately $280,000.

Other large investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its holdings in 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 period. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the 4th quarter worth about $28,000. Finally, Dunhill Financial LLC lifted its holdings in shares of Comcast by 54.8% during the 3rd 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 last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA opened at $35.56 on Thursday. The company has a market capitalization of $134.45 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.78 and a beta of 1.00. 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 firm has a 50-day moving average price of $36.17 and a 200-day moving average price of $39.39. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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%. Equities analysts expect 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 issued 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 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMCSA. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company cut their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Company 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.