SVB Wealth LLC Buys Shares of 167,233 Comcast Co. (NASDAQ:CMCSA)

SVB Wealth LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 167,233 shares of the cable giant’s stock, valued at approximately $6,276,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Financial Advocates Investment Management grew its position in shares of Comcast by 16.8% during the third quarter. Financial Advocates Investment Management now owns 12,013 shares of the cable giant’s stock worth $502,000 after buying an additional 1,731 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Comcast in the third quarter valued at approximately $35,000. Principal Securities Inc. boosted its holdings in Comcast by 4.5% in the third quarter. Principal Securities Inc. now owns 129,230 shares of the cable giant’s stock valued at $5,398,000 after purchasing an additional 5,572 shares in the last quarter. Cambiar Investors LLC boosted its holdings in Comcast by 11.8% in the third quarter. Cambiar Investors LLC now owns 1,453,072 shares of the cable giant’s stock valued at $60,695,000 after purchasing an additional 153,069 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Comcast by 9.0% in the third quarter. Farther Finance Advisors LLC now owns 42,810 shares of the cable giant’s stock valued at $1,788,000 after purchasing an additional 3,539 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Comcast stock opened at $35.90 on Friday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $36.32 and a 200-day simple moving average of $39.47. The stock has a market capitalization of $135.72 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. This is an increase from Comcast’s previous quarterly dividend of $0.31. 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. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average 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.