Brueske Advisory Services LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Brueske Advisory Services LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,510 shares of the cable giant’s stock, valued at approximately $244,000.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its stake in shares of Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of Comcast by 9.4% in the 3rd quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock valued at $666,000 after purchasing an additional 1,364 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Comcast by 5.5% in the 3rd quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock valued at $393,000 after purchasing an additional 494 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 700 shares in the last quarter. Finally, WD Rutherford LLC boosted its stake in shares of 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 purchasing an additional 15,260 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CMCSA shares. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Macquarie dropped their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.10 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $132.71 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a fifty day moving average of $36.41 and a 200-day moving average of $39.52. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.76%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

About Comcast

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.