Raymond James Financial Inc. acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,815,653 shares of the cable giant's stock, valued at approximately $743,681,000. Raymond James Financial Inc. owned 0.52% of Comcast at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in Comcast in the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $30,000. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the 4th quarter valued at $28,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Comcast Stock Performance
CMCSA stock traded down $1.48 during trading hours on Monday, reaching $36.11. The stock had a trading volume of 43,405,458 shares, compared to its average volume of 27,659,969. 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 stock has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $39.34. The stock has a market capitalization of $136.53 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.
Analyst Ratings Changes
CMCSA has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Morgan Stanley lowered their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Barclays cut 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. The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned 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 a consensus target price of $43.83.
Read Our Latest Analysis on Comcast
About Comcast
(
Free Report)
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.
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