Landscape Capital Management L.L.C. Acquires New Holdings in Comcast Co. (NASDAQ:CMCSA)

Landscape Capital Management L.L.C. bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,181 shares of the cable giant’s stock, valued at approximately $2,108,000.

Several other institutional investors and hedge funds 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 fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings 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 purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Comcast during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $27,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter valued at $28,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 6.6 %

Shares of NASDAQ:CMCSA opened at $33.38 on Friday. The business’s 50 day moving average is $35.76 and its 200 day moving average is $38.87. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.78 and a beta of 0.94. 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 (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company 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 of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.95%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMCSA. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group cut their target price on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company lowered their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.08.

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.