Crux Wealth Advisors Acquires New Holdings in Comcast Co. (NASDAQ:CMCSA)

Crux Wealth Advisors bought a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel.com reports. The fund bought 30,550 shares of the cable giant’s stock, valued at approximately $1,147,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC purchased a new stake in Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake 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 bought a new position in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter valued at $28,000. Finally, Noble Wealth Management PBC bought a new stake in Comcast during the fourth quarter valued at about $38,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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 research report on Friday, January 31st. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays decreased their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, UBS Group lowered their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.90.

Comcast Trading Up 0.1 %

Shares of NASDAQ CMCSA opened at $33.72 on Friday. The business’s 50 day moving average price is $35.56 and its 200-day moving average price is $38.56. The company has a market cap of $127.50 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31.

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, beating 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%. On average, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. Comcast’s payout ratio is presently 31.81%.

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.