Keel Point LLC Acquires 695 Shares of Comcast Co. (NASDAQ:CMCSA)

Keel Point LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,018 shares of the cable giant’s stock after buying an additional 695 shares during the period. Keel Point LLC’s holdings in Comcast were worth $395,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. NewSquare Capital LLC boosted its stake in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Quilter Plc bought a new position in shares of Comcast in the 1st quarter worth about $695,100,000. DHJJ Financial Advisors Ltd. bought a new position in Comcast during the third quarter worth $33,000. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast during the 4th quarter worth about $34,000. Finally, Fortis Capital Advisors LLC bought a new stake in Comcast in the 4th quarter valued at about $29,000. 84.32% of the stock is owned by institutional investors.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Rosenblatt Securities lifted their price target on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Finally, BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Comcast Stock Performance

Shares of CMCSA stock opened at $39.12 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The company’s fifty day moving average price is $41.97 and its 200-day moving average price is $42.79. The stock has a market cap of $155.38 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. On average, equities analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This is a boost from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. Comcast’s dividend payout ratio is presently 33.33%.

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.