MONECO Advisors LLC Buys 1,413 Shares of Comcast Co. (NASDAQ:CMCSA)

MONECO Advisors LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,877 shares of the cable giant’s stock after acquiring an additional 1,413 shares during the quarter. MONECO Advisors LLC’s holdings in Comcast were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMCSA. Taurus Asset Management LLC boosted its position in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares during the period. Abich Financial Wealth Management LLC increased its position in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after acquiring an additional 260 shares during the period. Arvest Investments Inc. raised its stake in shares of Comcast by 1.0% during the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after acquiring an additional 268 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the period. Finally, Mengis Capital Management Inc. grew its stake in Comcast by 1.5% in the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock worth $796,000 after purchasing an additional 283 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $36.30 on Tuesday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. 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 firm has a market capitalization of $137.25 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 1.78 and a beta of 1.00. The stock’s 50-day simple moving average is $36.52 and its 200-day simple moving average is $39.57.

Comcast (NASDAQ:CMCSA) last released 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 net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMCSA shares. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, BNP Paribas raised 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. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.