Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,602 shares of the cable giant’s stock after acquiring an additional 1,467 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Comcast were worth $398,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% in the fourth 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 stake in Comcast during the third quarter worth about $30,000. Roxbury Financial LLC purchased a new position in Comcast during the fourth quarter worth about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMCSA. Wells Fargo & Company cut their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Benchmark reduced their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Loop Capital reduced their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Morgan Stanley lowered their target price 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. Nine 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Trading Up 2.1 %

NASDAQ:CMCSA opened at $35.43 on Monday. The stock has a fifty day moving average price of $35.92 and a 200 day moving average price of $39.19. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market cap of $133.96 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.