Mirabella Financial Services LLP Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

Mirabella Financial Services LLP acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 112,625 shares of the cable giant's stock, valued at approximately $4,226,000.

Several other institutional investors have also added to or reduced their stakes in the business. Promus Capital LLC bought a new stake in Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Comcast during the 4th quarter valued at about $37,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMCSA shares. Barclays dropped their price objective on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. BNP Paribas downgraded shares of 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. Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Scotiabank restated a "sector perform" rating on shares of Comcast in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.00.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.56 during trading hours on Friday, reaching $33.75. The stock had a trading volume of 16,499,296 shares, compared to its average volume of 21,866,199. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $127.59 billion, a PE ratio of 8.13, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $38.13.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd were given a $0.33 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.91%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.

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.