Chancellor Financial Group WB LP Takes $343,000 Position in Comcast Co. (NASDAQ:CMCSA)

Chancellor Financial Group WB LP purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,149 shares of the cable giant's stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter valued at approximately $36,000. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Benchmark dropped their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. KeyCorp lowered their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Barclays lowered their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

Shares of Comcast stock traded up $0.30 during trading on Friday, reaching $34.58. The company's stock had a trading volume of 31,652,126 shares, compared to its average volume of 22,004,942. The stock has a 50-day moving average price of $34.69 and a two-hundred day moving average price of $36.79. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The stock has a market capitalization of $129.11 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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

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.