Everstar Asset Management LLC Purchases 796 Shares of Comcast Co. (NASDAQ:CMCSA)

Everstar Asset Management LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,712 shares of the cable giant’s stock after acquiring an additional 796 shares during the quarter. Everstar Asset Management LLC’s holdings in Comcast were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Promus Capital LLC acquired a new position in Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.8 %

Shares of Comcast stock opened at $36.90 on Tuesday. The firm’s 50-day moving average price is $35.89 and its two-hundred day moving average price is $38.98. The company has a market capitalization of $139.52 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.78 and a beta of 1.00. 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 Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

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%. On average, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” 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 research report on Friday, January 31st. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Rosenblatt Securities reduced their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $43.64.

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.