denkapparat Operations GmbH Invests $709,000 in Comcast Co. (NASDAQ:CMCSA)

denkapparat Operations GmbH purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,900 shares of the cable giant’s stock, valued at approximately $709,000. Comcast comprises about 1.0% of denkapparat Operations GmbH’s portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Promus Capital LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% in the fourth 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. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the third quarter worth $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of Comcast stock opened at $37.37 on Friday. The company has a market capitalization of $141.30 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The stock’s fifty day moving average is $35.89 and its two-hundred day moving average is $39.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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%. As a group, analysts expect that Comcast Co. will post 4.33 earnings per share for the current 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Friday, January 31st. Finally, Rosenblatt Securities dropped their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Ten 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.