114,353 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Allstate Corp

Allstate Corp acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 114,353 shares of the cable giant’s stock, valued at approximately $4,292,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in shares of 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 buying an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the fourth quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Comcast in the third quarter valued at about $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $36.62 on Friday. The company has a fifty day moving average price of $35.89 and a 200 day moving average price of $38.99. The firm has a market cap of $138.46 billion, a PE ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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%. Research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is an increase 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 (DPR) is 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group dropped their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.