Parr Mcknight Wealth Management Group LLC Invests $4.58 Million in Comcast Co. (NASDAQ:CMCSA)

Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 121,934 shares of the cable giant's stock, valued at approximately $4,576,000.

Several other large investors have also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Comcast during the 4th quarter valued at about $743,681,000. Bfsg LLC lifted its position in Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP lifted its position in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. boosted its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the period. Finally, Private Management Group Inc. grew its holdings in shares of Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after purchasing an additional 24,827 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 0.4%

Shares of CMCSA stock traded down $0.13 during trading hours on Wednesday, hitting $34.83. 7,011,349 shares of the company's stock traded hands, compared to its average volume of 21,905,708. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock's fifty day simple moving average is $34.78 and its two-hundred day simple moving average is $36.87. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $130.03 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Citigroup dropped their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

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.