Grant Private Wealth Management Inc Buys New Position in Comcast Co. (NASDAQ:CMCSA)

Grant Private Wealth Management Inc bought a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,123 shares of the cable giant’s stock, valued at approximately $267,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Promus Capital LLC bought a new position in shares of Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its stake in 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 buying an additional 502 shares during the period. Roxbury Financial LLC bought a new position in Comcast in the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMCSA. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Rosenblatt Securities reduced their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. The Goldman Sachs Group dropped their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.64.

Comcast Stock Down 0.3 %

Comcast stock opened at $36.61 on Thursday. The firm has a 50 day moving average price of $35.88 and a 200-day moving average price of $38.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a market capitalization of $138.42 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. As a group, equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

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.