StoneX Group Inc. Purchases 8,530 Shares of Comcast Co. (NASDAQ:CMCSA)

StoneX Group Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,916 shares of the cable giant’s stock after buying an additional 8,530 shares during the period. StoneX Group Inc.’s holdings in Comcast were worth $1,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. World Investment Advisors LLC increased its holdings in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Comcast during the fourth quarter valued at about $743,681,000. Bfsg LLC lifted its stake in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP boosted its holdings in shares of Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. increased its position in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCSA shares. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Morgan Stanley reduced their target price 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. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. BNP Paribas upgraded 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. Finally, Rosenblatt Securities dropped their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Trading Down 0.5 %

NASDAQ CMCSA opened at $36.72 on Wednesday. The stock’s 50 day moving average is $35.89 and its 200 day moving average is $38.96. 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 $138.84 billion, a PE ratio of 8.85, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared 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 boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

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.