Vise Technologies Inc. Has $2.15 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Vise Technologies Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 22.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,388 shares of the cable giant's stock after purchasing an additional 10,367 shares during the period. Vise Technologies Inc.'s holdings in Comcast were worth $2,154,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $25,000. Roxbury Financial LLC bought a new stake in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter worth $28,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast during the 4th quarter worth $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter worth $36,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group decreased their target price on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.52 during midday trading on Thursday, hitting $34.11. The company's stock had a trading volume of 8,121,916 shares, compared to its average volume of 21,922,591. The stock has a market capitalization of $127.35 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.78 and a beta of 0.97. The stock's 50 day simple moving average is $34.74 and its 200 day simple moving average is $36.86. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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

Comcast Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.