Wayfinding Financial LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Wayfinding Financial LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,331 shares of the cable giant’s stock, valued at approximately $200,000.

A number of other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

NASDAQ:CMCSA opened at $36.75 on Friday. The firm has a market capitalization of $138.95 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. 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 stock has a 50 day moving average of $35.83 and a 200-day moving average of $39.08.

Comcast (NASDAQ:CMCSA) last issued its 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 return on equity of 19.98% and a net margin of 13.09%. Analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.59%. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, January 31st. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reduced their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Morgan Stanley dropped their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 target price on Comcast in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.