Heritage Wealth Advisors Has $45.04 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Heritage Wealth Advisors boosted its position in Comcast Co. (NASDAQ:CMCSA) by 7.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,200,136 shares of the cable giant’s stock after purchasing an additional 87,941 shares during the period. Comcast makes up approximately 2.2% of Heritage Wealth Advisors’ holdings, making the stock its 18th biggest position. Heritage Wealth Advisors’ holdings in Comcast were worth $45,041,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ausdal Financial Partners Inc. lifted its holdings in shares of Comcast by 64.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 17,673 shares of the cable giant’s stock valued at $663,000 after purchasing an additional 6,911 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in Comcast by 271.7% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 36,807 shares of the cable giant’s stock valued at $1,381,000 after buying an additional 26,904 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Comcast by 3.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,686,417 shares of the cable giant’s stock valued at $138,351,000 after acquiring an additional 117,018 shares in the last quarter. Aire Advisors LLC boosted its holdings in Comcast by 42.5% during the 4th quarter. Aire Advisors LLC now owns 495,113 shares of the cable giant’s stock worth $18,582,000 after acquiring an additional 147,766 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Comcast by 3.6% in the 4th quarter. TD Asset Management Inc. now owns 3,491,617 shares of the cable giant’s stock worth $131,040,000 after acquiring an additional 120,113 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. Citigroup dropped their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Trading Up 0.9 %

NASDAQ:CMCSA opened at $36.94 on Wednesday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The stock’s fifty day moving average price is $35.85 and its two-hundred day moving average price is $39.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $139.67 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued 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 return on equity of 19.98% and a net margin of 13.09%. As a group, analysts expect 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. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. 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 dividend yield of 3.57%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 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.