Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 44.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,403 shares of the cable giant’s stock after purchasing an additional 100,486 shares during the quarter. Curi RMB Capital LLC’s holdings in Comcast were worth $12,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in Comcast during the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management acquired a new position in shares of Comcast in the fourth quarter worth $37,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMCSA. Scotiabank upped their target price on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 8th. Citigroup reduced their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities cut their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. UBS Group lowered their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Morgan Stanley lowered their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Trading Up 1.2 %

Comcast stock opened at $33.96 on Friday. The business has a 50 day moving average price of $35.51 and a two-hundred day moving average price of $38.30. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The stock has a market cap of $128.40 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current 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 paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio 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.