Waverly Advisors LLC Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Waverly Advisors LLC increased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 105.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,042 shares of the cable giant's stock after purchasing an additional 46,209 shares during the quarter. Waverly Advisors LLC's holdings in Comcast were worth $3,379,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Koshinski Asset Management Inc. grew its stake in Comcast by 38.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 42,277 shares of the cable giant's stock valued at $1,587,000 after acquiring an additional 11,693 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in Comcast by 6.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 11,289 shares of the cable giant's stock valued at $424,000 after acquiring an additional 694 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Comcast by 5.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,952,198 shares of the cable giant's stock valued at $148,326,000 after acquiring an additional 188,948 shares during the last quarter. MCF Advisors LLC grew its stake in Comcast by 21.5% in the 4th quarter. MCF Advisors LLC now owns 27,375 shares of the cable giant's stock valued at $1,027,000 after acquiring an additional 4,846 shares during the last quarter. Finally, Red Spruce Capital LLC grew its stake in Comcast by 9.9% in the 4th quarter. Red Spruce Capital LLC now owns 50,550 shares of the cable giant's stock valued at $1,897,000 after acquiring an additional 4,561 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Oppenheimer decreased their price target 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. Finally, The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Trading Up 1.3%

NASDAQ CMCSA traded up $0.46 during mid-day trading on Tuesday, hitting $34.98. The company's stock had a trading volume of 3,856,082 shares, compared to its average volume of 21,894,753. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The stock's fifty day simple moving average is $34.81 and its two-hundred day simple moving average is $36.89. 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 firm has a market capitalization of $130.60 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.77%. 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.