Physician Wealth Advisors Inc. Invests $93,000 in Comcast Co. (NASDAQ:CMCSA)

Physician Wealth Advisors Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,465 shares of the cable giant’s stock, valued at approximately $93,000.

Several other hedge funds have also recently made changes to their positions in CMCSA. Norges Bank purchased a new position in Comcast during the 4th quarter worth approximately $3,835,226,000. First Eagle Investment Management LLC increased its stake in shares of Comcast by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 838,366 shares during the last quarter. Amundi lifted its position in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Comcast during the fourth quarter valued at $743,681,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Morgan Stanley reduced their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. Finally, Citigroup lowered 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. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $43.64.

Comcast Stock Down 2.0 %

NASDAQ CMCSA opened at $36.62 on Monday. The business has a fifty day moving average price of $35.89 and a 200 day moving average price of $38.99. 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 company has a market cap of $138.46 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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 anticipate that Comcast Co. will post 4.33 EPS for the current fiscal 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 given a $0.33 dividend. 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 dividend payout ratio is 31.81%.

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.