Summit Global Investments Has $1.44 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Summit Global Investments grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 112.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,310 shares of the cable giant’s stock after buying an additional 20,272 shares during the quarter. Summit Global Investments’ holdings in Comcast were worth $1,438,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

Comcast stock opened at $36.75 on Friday. The company’s 50 day simple moving average is $35.83 and its 200 day simple moving average is $39.07. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $138.95 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. 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. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.59%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMCSA. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

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.