Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Vestcor Inc

Vestcor Inc boosted its position in Comcast Co. (NASDAQ:CMCSA) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,530 shares of the cable giant’s stock after buying an additional 1,267 shares during the period. Vestcor Inc’s holdings in Comcast were worth $7,563,000 as of its most recent SEC filing.

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

Comcast Trading Down 2.1 %

Shares of CMCSA stock opened at $35.19 on Thursday. The firm has a 50-day moving average price of $36.02 and a 200 day moving average price of $39.26. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a market capitalization of $133.05 billion, a price-to-earnings ratio of 8.48, a PEG 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 announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Research analysts forecast 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 paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. 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. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.