HBK Sorce Advisory LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

HBK Sorce Advisory LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 40.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 351,998 shares of the cable giant’s stock after purchasing an additional 102,087 shares during the period. Comcast makes up about 0.4% of HBK Sorce Advisory LLC’s portfolio, making the stock its 25th biggest position. HBK Sorce Advisory LLC’s holdings in Comcast were worth $13,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Comcast by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after buying an additional 838,366 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. Amundi boosted its holdings in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Comcast during the fourth quarter worth $743,681,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.1 %

NASDAQ CMCSA opened at $35.19 on Thursday. The firm has a 50 day simple moving average of $36.02 and a 200-day simple moving average of $39.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The firm has a market cap of $133.05 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued 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%. Equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company 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 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 yield of 3.75%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. Finally, Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.