Redwood Park Advisors LLC Purchases New Stake in Comcast Co. (NASDAQ:CMCSA)

Redwood Park Advisors LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,340 shares of the cable giant’s stock, valued at approximately $50,000.

Other large investors have also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in Comcast in the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in 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 in the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter valued at about $28,000. Finally, OFI Invest Asset Management purchased a new position in Comcast in the fourth quarter valued at about $37,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ CMCSA opened at $35.18 on Thursday. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. 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 stock has a market capitalization of $133.02 billion, a PE ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 0.94. The stock has a 50-day simple moving average of $35.55 and a 200 day simple moving average of $38.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.75%. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMCSA. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

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.