Global View Capital Management LLC Acquires New Position in Comcast Co. (NASDAQ:CMCSA)

Global View Capital Management LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,650 shares of the cable giant’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares during the last quarter. Bfsg LLC lifted its holdings in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Comcast during the fourth quarter worth $743,681,000. Mission Wealth Management LP lifted its holdings in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its holdings in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after purchasing an additional 59,107 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $36.11 on Tuesday. The firm’s 50-day moving average price is $36.10 and its 200-day moving average price is $39.32. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The firm has a market capitalization of $136.53 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.66%. 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. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CMCSA shares. JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

About Comcast

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.