Comcast Co. (NASDAQ:CMCSA) Shares Bought by Pointe Capital Management LLC

Pointe Capital Management LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,660 shares of the cable giant’s stock after buying an additional 471 shares during the quarter. Pointe Capital Management LLC’s holdings in Comcast were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. AMF Tjanstepension AB grew its position in Comcast by 18.9% during the 3rd 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 in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Comcast by 10.6% during the third quarter. Arkadios Wealth Advisors now owns 23,070 shares of the cable giant’s stock valued at $964,000 after buying an additional 2,211 shares in the last quarter. Autumn Glory Partners LLC raised its position in Comcast by 58.4% during the third quarter. Autumn Glory Partners LLC now owns 10,229 shares of the cable giant’s stock valued at $429,000 after buying an additional 3,771 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in Comcast by 0.7% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 258,438 shares of the cable giant’s stock worth $10,795,000 after acquiring an additional 1,672 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its position in Comcast by 65.1% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,999 shares of the cable giant’s stock worth $2,047,000 after acquiring an additional 19,326 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 1.2 %

Shares of CMCSA opened at $35.85 on Wednesday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market capitalization of $135.55 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.78 and a beta of 1.00. The stock’s 50-day moving average price is $36.47 and its 200 day moving average price is $39.55. 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 announced its quarterly earnings data 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%. As a group, research analysts predict 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. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. Comcast’s payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays cut their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Citigroup lowered their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. 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. Finally, KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.