Cadence Bank Raises Position in Comcast Co. (NASDAQ:CMCSA)

Cadence Bank raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,320 shares of the cable giant’s stock after acquiring an additional 2,713 shares during the period. Cadence Bank’s holdings in Comcast were worth $6,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Promus Capital LLC bought a new stake in Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its position 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 acquiring an additional 502 shares during the period. Roxbury Financial LLC bought a new position in shares of Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of Comcast in the fourth quarter worth about $37,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. UBS Group dropped their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Barclays dropped their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. KeyCorp cut their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Comcast Trading Up 1.2 %

NASDAQ:CMCSA opened at $33.96 on Friday. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31. The stock has a market cap of $128.40 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94. The company’s 50 day moving average price is $35.54 and its 200-day moving average price is $38.37. 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 (NASDAQ:CMCSA) last posted its earnings results 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%. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. Comcast’s payout ratio is currently 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.