United Bank Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

United Bank increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,810 shares of the cable giant’s stock after purchasing an additional 5,161 shares during the period. United Bank’s holdings in Comcast were worth $1,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its position 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 valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter valued at $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $36.62 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $138.46 billion, a PE ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The company has a 50 day moving average price of $35.89 and a 200-day moving average price of $38.99. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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 analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.60%. Comcast’s payout ratio is 31.81%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. UBS Group lowered their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities decreased their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast 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.