LFA Lugano Financial Advisors SA Takes $61,000 Position in Comcast Co. (NASDAQ:CMCSA)

LFA Lugano Financial Advisors SA acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,400 shares of the cable giant’s stock, valued at approximately $61,000.

Other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC boosted its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Quilter Plc bought a new position in Comcast in the 1st quarter worth approximately $695,100,000. DHJJ Financial Advisors Ltd. bought a new position in Comcast in the 3rd quarter worth approximately $33,000. Fortis Capital Advisors LLC bought a new position in Comcast in the 4th quarter worth approximately $29,000. Finally, First Personal Financial Services bought a new position in Comcast in the 3rd quarter worth approximately $39,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 2.5 %

Shares of NASDAQ CMCSA opened at $42.28 on Tuesday. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The business has a 50-day moving average price of $43.11 and a 200 day moving average price of $43.18. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market cap of $167.93 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.93%. Comcast’s dividend payout ratio (DPR) is 31.18%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. Pivotal Research increased their target price on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Citigroup increased their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Wells Fargo & Company increased their price target on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

Read Our Latest Analysis on CMCSA

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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