Diversified Enterprises LLC Acquires 794 Shares of Comcast Co. (NASDAQ:CMCSA)

Diversified Enterprises LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,627 shares of the cable giant’s stock after purchasing an additional 794 shares during the quarter. Diversified Enterprises LLC’s holdings in Comcast were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in shares of Comcast in the 4th quarter worth about $25,000. Winch Advisory Services LLC lifted its holdings 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 worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast in the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth about $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.1 %

NASDAQ:CMCSA opened at $35.43 on Friday. The company has a market cap of $133.96 billion, a PE ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month 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 company’s 50 day moving average is $35.92 and its two-hundred day moving average is $39.20.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. Analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.73%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMCSA. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Macquarie decreased their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Loop Capital decreased their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Friday, January 31st. Finally, Rosenblatt Securities cut their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target 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.