Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Twin City Private Wealth LLC

Twin City Private Wealth LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,985 shares of the cable giant’s stock after purchasing an additional 10,151 shares during the quarter. Comcast accounts for 2.7% of Twin City Private Wealth LLC’s portfolio, making the stock its 4th largest position. Twin City Private Wealth LLC’s holdings in Comcast were worth $3,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Promus Capital LLC bought a new stake in Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% in 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 in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth $30,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMCSA shares. Wells Fargo & Company cut their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a research report on Friday, January 31st. 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. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Macquarie cut their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.75 on Monday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $138.95 billion, a PE ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. The company’s 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $39.08.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal 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 issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.59%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

About Comcast

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.