93,941 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Novem Group

Novem Group bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 93,941 shares of the cable giant's stock, valued at approximately $3,526,000.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Five Oceans Advisors boosted its stake in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares during the period. Kovack Advisors Inc. increased its position in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after acquiring an additional 300 shares during the period. Beck Mack & Oliver LLC raised its position in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Avitas Wealth Management LLC increased its position in Comcast by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after purchasing an additional 328 shares during the period. Finally, Spinnaker Trust increased its holdings in Comcast by 0.9% during the fourth quarter. Spinnaker Trust now owns 36,306 shares of the cable giant's stock valued at $1,363,000 after buying an additional 340 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Rosenblatt Securities restated a "neutral" rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Barclays decreased their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

CMCSA traded down $0.07 during midday trading on Monday, hitting $34.52. 13,930,047 shares of the company were exchanged, compared to its average volume of 21,963,530. The company's 50 day simple moving average is $34.84 and its 200 day simple moving average is $36.95. The firm has a market capitalization of $128.89 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. As a group, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

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

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.