Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 800 Shares of Comcast Co. (NASDAQ:CMCSA)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.2% in the fourth quarter, HoldingsChannel reports. The firm owned 11,882 shares of the cable giant’s stock after acquiring an additional 800 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Comcast were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Callan Family Office LLC grew its stake in Comcast by 1,302.5% in the fourth quarter. Callan Family Office LLC now owns 87,027 shares of the cable giant’s stock valued at $3,266,000 after acquiring an additional 80,822 shares during the period. E Fund Management Co. Ltd. grew its stake in Comcast by 30.9% in the fourth quarter. E Fund Management Co. Ltd. now owns 54,616 shares of the cable giant’s stock valued at $2,050,000 after acquiring an additional 12,877 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in Comcast by 3.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 48,767 shares of the cable giant’s stock valued at $1,830,000 after acquiring an additional 1,540 shares during the period. Ethos Financial Group LLC grew its stake in Comcast by 4.3% in the fourth quarter. Ethos Financial Group LLC now owns 15,634 shares of the cable giant’s stock valued at $591,000 after acquiring an additional 641 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Comcast in the fourth quarter valued at about $743,681,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research note on Friday, January 31st. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barclays reduced their price objective 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. Finally, Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine 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 company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Price Performance

NASDAQ:CMCSA opened at $37.59 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 stock’s 50 day moving average price is $36.12 and its two-hundred day moving average price is $39.35. The firm has a market capitalization of $142.13 billion, a price-to-earnings ratio of 9.06, 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.

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%. On average, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.51%. Comcast’s dividend payout ratio is currently 31.81%.

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.