Comcast Co. (NASDAQ:CMCSA) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 151,672 shares of the cable giant’s stock after purchasing an additional 3,500 shares during the quarter. Providence Capital Advisors LLC’s holdings in Comcast were worth $5,692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. CreativeOne Wealth LLC raised its position in shares of Comcast by 226.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 37,391 shares of the cable giant’s stock valued at $1,562,000 after buying an additional 25,921 shares during the period. Fiduciary Trust Co raised its position in Comcast by 2.4% in the third quarter. Fiduciary Trust Co now owns 174,490 shares of the cable giant’s stock valued at $7,288,000 after purchasing an additional 4,140 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. Finally, Financial Counselors Inc. increased its position in shares of Comcast by 3.1% during the 3rd quarter. Financial Counselors Inc. now owns 45,328 shares of the cable giant’s stock worth $1,893,000 after purchasing an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $37.37 on Friday. The stock’s 50-day simple moving average is $35.89 and its 200-day simple moving average is $39.01. 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 firm has a market capitalization of $141.30 billion, a PE ratio of 9.00, 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) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMCSA shares. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $48.00 to $44.50 in a research note 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 report on Friday, January 31st. Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley dropped their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

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.