Strategic Blueprint LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

Strategic Blueprint LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,596 shares of the cable giant’s stock after buying an additional 938 shares during the period. Strategic Blueprint LLC’s holdings in Comcast were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew 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 acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Comcast in the 4th quarter worth about $29,000. DHJJ Financial Advisors Ltd. bought a new position in Comcast in the 3rd quarter worth about $33,000. Finally, First Personal Financial Services bought a new position in Comcast in the 3rd quarter worth about $39,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Citigroup increased their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Trading Up 1.1 %

NASDAQ CMCSA opened at $40.14 on Friday. The company has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $42.92. The stock has a market cap of $159.43 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.99 and a beta of 0.98. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

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 analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. 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.