Fidelis Capital Partners LLC Grows Holdings in Comcast Co. (NASDAQ:CMCSA)

Fidelis Capital Partners LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 13.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,264 shares of the cable giant’s stock after purchasing an additional 3,735 shares during the period. Fidelis Capital Partners LLC’s holdings in Comcast were worth $1,173,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Comcast by 9.0% during the third quarter. Farther Finance Advisors LLC now owns 42,810 shares of the cable giant’s stock worth $1,788,000 after acquiring an additional 3,539 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Comcast by 18.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 19,431 shares of the cable giant’s stock valued at $807,000 after purchasing an additional 3,083 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in Comcast by 23.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 11,956 shares of the cable giant’s stock valued at $499,000 after purchasing an additional 2,254 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Comcast in the 3rd quarter valued at about $44,000. Finally, BSW Wealth Partners acquired a new position in Comcast in the 3rd quarter valued at about $251,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reduced their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Loop Capital lowered their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Barclays decreased their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Price Performance

NASDAQ CMCSA opened at $35.98 on Tuesday. The stock’s 50-day moving average price is $36.28 and its two-hundred day moving average price is $39.45. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $136.04 billion, a PE ratio of 8.67, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. 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 3.67%. Comcast’s payout ratio 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.