Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Distillate Capital Partners LLC

Distillate Capital Partners LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,047,997 shares of the cable giant’s stock after purchasing an additional 62,643 shares during the period. Comcast comprises approximately 1.9% of Distillate Capital Partners LLC’s investment portfolio, making the stock its 7th biggest position. Distillate Capital Partners LLC’s holdings in Comcast were worth $39,331,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% during 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 last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter worth $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of Comcast during the 4th quarter worth $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.1 %

Shares of NASDAQ CMCSA opened at $33.72 on Friday. Comcast Co. has a 52-week low of $32.20 and a 52-week 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 business has a fifty day moving average of $35.56 and a two-hundred day moving average of $38.56. The stock has a market cap of $127.50 billion, a PE ratio of 8.13, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. 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 yield of 3.91%. Comcast’s dividend payout ratio is 31.81%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Citigroup dropped their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reduced their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Scotiabank boosted their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.90.

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.