Comcast Co. (NASDAQ:CMCSA) Shares Bought by Bailard Inc.

Bailard Inc. raised its position in Comcast Co. (NASDAQ:CMCSA) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,967 shares of the cable giant’s stock after purchasing an additional 4,869 shares during the quarter. Bailard Inc.’s holdings in Comcast were worth $5,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Winch Advisory Services LLC boosted its holdings 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 purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $30,000. Finally, Dunhill Financial LLC lifted its holdings in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.4 %

Shares of NASDAQ:CMCSA opened at $35.90 on Friday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company’s 50 day moving average is $36.32 and its two-hundred day moving average is $39.47. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $135.72 billion, a PE ratio of 8.65, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted 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 net margin of 13.09% and a return on equity of 19.98%. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Macquarie reduced their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine equities research 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. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus 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.