Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Nicholas Company Inc.

Nicholas Company Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,153 shares of the cable giant’s stock after acquiring an additional 53,878 shares during the period. Nicholas Company Inc.’s holdings in Comcast were worth $6,911,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC increased its holdings in 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 in the last quarter. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA stock opened at $35.43 on Friday. The company has a market capitalization of $133.96 billion, a P/E ratio of 8.54, a PEG 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 business has a 50 day simple moving average of $35.92 and a 200-day simple moving average of $39.19. 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. 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 annualized dividend and a dividend yield of 3.73%. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.