RKL Wealth Management LLC Acquires New Stake in Comcast Co. (NASDAQ:CMCSA)

RKL Wealth Management LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,874 shares of the cable giant’s stock, valued at approximately $220,000.

Several other institutional investors have also bought and sold shares of CMCSA. Harbor Capital Advisors Inc. bought a new stake in Comcast during the 3rd quarter valued at $44,000. Portside Wealth Group LLC raised its holdings in Comcast by 14.2% during the 3rd quarter. Portside Wealth Group LLC now owns 25,968 shares of the cable giant’s stock valued at $1,085,000 after acquiring an additional 3,225 shares during the period. Hollencrest Capital Management raised its holdings in Comcast by 27.9% during the 3rd quarter. Hollencrest Capital Management now owns 1,649 shares of the cable giant’s stock valued at $69,000 after acquiring an additional 360 shares during the period. Fiera Capital Corp raised its holdings in Comcast by 7.3% during the 3rd quarter. Fiera Capital Corp now owns 95,192 shares of the cable giant’s stock valued at $3,976,000 after acquiring an additional 6,469 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in Comcast during the 3rd quarter valued at $9,445,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 3.6 %

CMCSA opened at $37.59 on Friday. The business’s fifty day simple moving average is $36.12 and its 200 day simple moving average is $39.35. 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 52 week low of $32.50 and a 52 week high of $45.31. The stock has a market cap of $142.13 billion, a PE ratio of 9.06, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.51%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMCSA. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Macquarie decreased their price target 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. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast 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.