Proficio Capital Partners LLC Acquires 4,781 Shares of Comcast Co. (NASDAQ:CMCSA)

Proficio Capital Partners LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 42.9% in the 4th quarter, Holdings Channel reports. The fund owned 15,930 shares of the cable giant’s stock after buying an additional 4,781 shares during the period. Proficio Capital Partners LLC’s holdings in Comcast were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Winch Advisory Services LLC boosted its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter worth about $28,000. Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter worth about $30,000. Finally, Dunhill Financial LLC raised its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CMCSA shares. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research 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 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. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Price Performance

Shares of Comcast stock opened at $36.75 on Monday. The business has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $39.08. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a market capitalization of $138.95 billion, a P/E ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last issued 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%. As a group, analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

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.