Evoke Wealth LLC Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Evoke Wealth LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,293 shares of the cable giant’s stock after buying an additional 516 shares during the quarter. Evoke Wealth LLC’s holdings in Comcast were worth $274,000 as of its most recent filing with the SEC.

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

Comcast Stock Performance

NASDAQ:CMCSA opened at $36.09 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50-day moving average of $35.84 and a two-hundred day moving average of $39.11. The stock has a market cap of $136.46 billion, a P/E ratio of 8.70, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. On average, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.66%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.