denkapparat Operations GmbH Makes New $709,000 Investment in Comcast Co. (NASDAQ:CMCSA)

denkapparat Operations GmbH acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,900 shares of the cable giant’s stock, valued at approximately $709,000. Comcast accounts for approximately 1.0% of denkapparat Operations GmbH’s portfolio, making the stock its 21st largest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Promus Capital LLC acquired a new stake in Comcast during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC raised 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 valued at $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 fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $37.37 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $141.30 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The stock’s fifty day simple moving average is $35.89 and its two-hundred day simple moving average is $39.01. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate 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, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal 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 paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Macquarie lowered their price objective 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. Wells Fargo & Company dropped their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.64.

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.