Roberts Glore & Co. Inc. IL Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Roberts Glore & Co. Inc. IL lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,782 shares of the cable giant’s stock after purchasing an additional 426 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Comcast were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 3.6 %

Shares of Comcast stock opened at $37.59 on Friday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $142.13 billion, a P/E ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00. The company’s fifty day moving average is $36.12 and its two-hundred day moving average is $39.35.

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

Comcast Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 31.81%.

Analyst Ratings Changes

CMCSA has been the subject of several analyst reports. Rosenblatt Securities dropped their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Barclays dropped 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. 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. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.