Peterson Wealth Services Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Peterson Wealth Services increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,473 shares of the cable giant’s stock after purchasing an additional 866 shares during the period. Peterson Wealth Services’ holdings in Comcast were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. grew its stake in shares of Comcast by 2.4% during the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock valued at $724,000 after acquiring an additional 363 shares in the last quarter. United Bank grew its stake in shares of Comcast by 17.4% during the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after acquiring an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Comcast by 29.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after acquiring an additional 928,627 shares in the last quarter. Covestor Ltd grew its stake in shares of Comcast by 104.4% during the first quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock valued at $163,000 after acquiring an additional 1,773 shares in the last quarter. Finally, First Western Trust Bank acquired a new stake in shares of Comcast during the first quarter valued at about $482,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ CMCSA traded up $0.59 on Thursday, reaching $39.58. The company’s stock had a trading volume of 3,085,114 shares, compared to its average volume of 20,441,336. The firm has a market cap of $157.21 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The business has a 50-day moving average price of $41.89 and a 200 day moving average price of $42.76. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Rosenblatt Securities increased their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Citigroup lifted their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Company cut their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Finally, BNP Paribas reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

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.