Watch Point Trust Co increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,946 shares of the cable giant’s stock after acquiring an additional 1,829 shares during the period. Comcast comprises approximately 2.6% of Watch Point Trust Co’s investment portfolio, making the stock its 12th largest holding. Watch Point Trust Co’s holdings in Comcast were worth $2,961,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Wealthcare Advisory Partners LLC bought a new stake in Comcast during the third quarter worth about $104,000. Vigilant Capital Management LLC raised its holdings in Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after acquiring an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC raised its holdings in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast during the second quarter worth about $107,000. Finally, Tower View Investment Management & Research LLC bought a new stake in Comcast during the fourth quarter worth about $109,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
Several research firms recently issued reports on CMCSA. Guggenheim upped their target price on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Evercore ISI restated an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Bank of America upped their price objective on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Buckingham Research started coverage on Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average price target of $50.39.
Comcast Co. (NASDAQ:CMCSA) opened at $36.43 on Wednesday. The firm has a market capitalization of $171,660.97, a P/E ratio of 17.94, a PEG ratio of 1.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. research analysts expect that Comcast Co. will post 2.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is 13.21%.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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