Aegis Wealth Management LLC Purchases New Stake in Comcast Co. (NASDAQ:CMCSA)

Aegis Wealth Management LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,073 shares of the cable giant's stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smith Shellnut Wilson LLC ADV boosted its stake in Comcast by 6.6% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 5,645 shares of the cable giant's stock worth $212,000 after acquiring an additional 350 shares in the last quarter. Park Square Financial Group LLC bought a new position in Comcast during the fourth quarter worth $104,000. Total Wealth Planning & Management Inc. bought a new position in Comcast during the fourth quarter worth $803,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Comcast in the fourth quarter valued at $139,227,000. Finally, Brucke Financial Inc. bought a new position in shares of Comcast in the fourth quarter valued at $325,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA traded up $0.30 during trading hours on Friday, hitting $34.58. The company's stock had a trading volume of 31,652,126 shares, compared to its average volume of 21,984,750. The company has a market cap of $129.11 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $34.64 and a two-hundred day simple moving average of $36.63. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. On average, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMCSA. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. Oppenheimer dropped their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank reissued a "sector perform" rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.