Comcast Co. (NASDAQ:CMCSA) Stock Holdings Boosted by AlphaQuest LLC

AlphaQuest LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 887.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,513 shares of the cable giant’s stock after purchasing an additional 10,347 shares during the period. AlphaQuest LLC’s holdings in Comcast were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in Comcast in the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings 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 purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the 3rd quarter valued at about $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.4 %

CMCSA opened at $34.70 on Friday. The company has a market capitalization of $131.20 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business has a 50-day moving average of $35.96 and a 200-day moving average of $39.23. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

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

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. 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 yield of 3.80%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CMCSA shares. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday, January 31st. Finally, Citigroup decreased their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.