IFP Advisors Inc Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

IFP Advisors Inc grew its stake in Comcast Co. (NASDAQ:CMCSA) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,222 shares of the cable giant’s stock after acquiring an additional 1,645 shares during the period. IFP Advisors Inc’s holdings in Comcast were worth $1,585,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CMCSA. AMF Tjanstepension AB increased its stake in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Valmark Advisers Inc. increased its stake in Comcast by 9.4% during the 3rd quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock worth $666,000 after buying an additional 1,364 shares during the period. Childress Capital Advisors LLC lifted its holdings in Comcast by 5.5% during the 3rd quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock worth $393,000 after buying an additional 494 shares in the last quarter. Avitas Wealth Management LLC boosted its position in Comcast by 1.2% in the 3rd quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock valued at $2,429,000 after buying an additional 700 shares during the period. Finally, WD Rutherford LLC boosted its position in Comcast by 30.5% in the 3rd quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock valued at $2,729,000 after buying an additional 15,260 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on CMCSA shares. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Down 2.1 %

CMCSA opened at $35.10 on Thursday. The firm has a market cap of $132.71 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business’s 50 day moving average is $36.41 and its two-hundred day moving average is $39.52. 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 released its quarterly earnings results 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 net margin of 13.09% and a return on equity of 19.98%. On average, research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

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.