Comcast Co. (NASDAQ:CMCSA) Shares Bought by Argent Advisors Inc.

Argent Advisors Inc. increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,426 shares of the cable giant’s stock after buying an additional 1,746 shares during the quarter. Argent Advisors Inc.’s holdings in Comcast were worth $1,517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% during the 4th 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. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.9 %

Shares of CMCSA opened at $35.75 on Tuesday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a market capitalization of $135.17 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The stock has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $39.16. 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 issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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%. 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 disclosed 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.69%. This is an increase 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%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Barclays decreased their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Citigroup decreased their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Benchmark decreased 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. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley decreased their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast 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.