Comcast Co. (NASDAQ:CMCSA) Stock Position Raised by Albert D Mason Inc.

Albert D Mason Inc. raised its position in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,767 shares of the cable giant’s stock after purchasing an additional 1,327 shares during the period. Albert D Mason Inc.’s holdings in Comcast were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ironwood Wealth Management LLC. raised its stake in shares of Comcast by 2.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock valued at $724,000 after acquiring an additional 363 shares in the last quarter. United Bank raised its stake in shares of Comcast by 17.4% in the 1st quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after acquiring an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Comcast by 29.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after acquiring an additional 928,627 shares in the last quarter. Covestor Ltd grew its holdings in Comcast by 104.4% in the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock valued at $163,000 after buying an additional 1,773 shares during the last quarter. Finally, First Western Trust Bank acquired a new stake in Comcast in the 1st quarter valued at approximately $482,000. 82.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com assumed coverage on Comcast in a report on Thursday. They issued a “buy” rating on the stock. Wells Fargo & Company lifted their price objective on Comcast from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, January 27th. Bank of America reissued a “neutral” rating and set a $44.00 price objective on shares of Comcast in a report on Tuesday, February 28th. TheStreet raised Comcast from a “c” rating to a “b-” rating in a report on Thursday, January 26th. Finally, Barclays lifted their price objective on Comcast from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $44.29.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 37,176 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $2.03, for a total transaction of $75,467.28. Following the completion of the sale, the insider now owns 19,507,693 shares in the company, valued at $39,600,616.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 7,527,791 shares of company stock worth $19,025,007 over the last 90 days. 1.11% of the stock is owned by insiders.

Comcast Trading Down 0.6 %

Shares of CMCSA opened at $36.03 on Friday. The stock has a fifty day moving average price of $38.18 and a two-hundred day moving average price of $35.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 0.78. Comcast Co. has a 52-week low of $28.39 and a 52-week high of $48.42. The company has a market cap of $151.90 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.76 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Comcast had a return on equity of 18.40% and a net margin of 4.42%. The firm had revenue of $30.55 billion during the quarter, compared to the consensus estimate of $30.36 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts predict that Comcast Co. will post 3.64 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Comcast’s previous quarterly dividend of $0.27. Comcast’s payout ratio is presently 90.76%.

Comcast Profile

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.