Brueske Advisory Services LLC Invests $244,000 in Comcast Co. (NASDAQ:CMCSA)

Brueske Advisory Services LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 6,510 shares of the cable giant’s stock, valued at approximately $244,000.

A number of other hedge funds also recently made changes to their positions in CMCSA. AMF Tjanstepension AB raised its stake in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Valmark Advisers Inc. raised its stake in Comcast by 9.4% in the 3rd quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock valued at $666,000 after acquiring an additional 1,364 shares during the period. Childress Capital Advisors LLC raised its stake in Comcast by 5.5% in the 3rd quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock valued at $393,000 after acquiring an additional 494 shares during the period. Avitas Wealth Management LLC raised its stake in Comcast by 1.2% in the 3rd quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock valued at $2,429,000 after acquiring an additional 700 shares during the period. Finally, WD Rutherford LLC raised its stake in Comcast by 30.5% in the 3rd quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock valued at $2,729,000 after acquiring an additional 15,260 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CMCSA shares. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup lowered their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Macquarie lowered their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark decreased their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Down 2.1 %

Shares of CMCSA opened at $35.10 on Thursday. The firm has a market cap of $132.71 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. 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 $36.41 and a two-hundred day simple moving average of $39.52.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed 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 3.76%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

About Comcast

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.