Fidelis Capital Partners LLC Purchases 3,735 Shares of Comcast Co. (NASDAQ:CMCSA)

Fidelis Capital Partners LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,264 shares of the cable giant’s stock after purchasing an additional 3,735 shares during the period. Fidelis Capital Partners LLC’s holdings in Comcast were worth $1,173,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMCSA. Farther Finance Advisors LLC grew its stake in shares of Comcast by 9.0% in the third quarter. Farther Finance Advisors LLC now owns 42,810 shares of the cable giant’s stock worth $1,788,000 after purchasing an additional 3,539 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Comcast by 18.9% during the third quarter. Chicago Partners Investment Group LLC now owns 19,431 shares of the cable giant’s stock valued at $807,000 after acquiring an additional 3,083 shares during the last quarter. Clear Creek Financial Management LLC boosted its position in Comcast by 23.2% during the third quarter. Clear Creek Financial Management LLC now owns 11,956 shares of the cable giant’s stock valued at $499,000 after acquiring an additional 2,254 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Comcast during the 3rd quarter worth about $44,000. Finally, BSW Wealth Partners bought a new position in shares of Comcast during the 3rd quarter worth about $251,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $35.98 on Tuesday. The company has a 50 day moving average price of $36.28 and a 200-day moving average price of $39.45. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The stock has a market capitalization of $136.04 billion, a PE ratio of 8.67, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 net margin of 13.09% and a return on equity of 19.98%. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several analyst reports. Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group cut their price objective 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. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.