Wealth Enhancement Advisory Services LLC Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 740,084 shares of the cable giant's stock after buying an additional 81,082 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Comcast were worth $27,775,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMCSA. Raymond James Financial Inc. purchased a new position in Comcast in the fourth quarter worth about $743,681,000. Bfsg LLC boosted its position in Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP boosted 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 worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. boosted its position in Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in 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 Trading Up 1.0%

Shares of Comcast stock traded up $0.33 on Tuesday, reaching $34.66. The company had a trading volume of 22,049,036 shares, compared to its average volume of 22,023,540. The firm has a market cap of $129.41 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.78 and a beta of 0.97. 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's 50-day moving average price is $34.53 and its two-hundred day moving average price is $36.55. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results 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 firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CMCSA shares. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock 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 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.10.

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.