NEOS Investment Management LLC Has $17.31 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

NEOS Investment Management LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 461,137 shares of the cable giant’s stock after purchasing an additional 59,823 shares during the period. NEOS Investment Management LLC’s holdings in Comcast were worth $17,306,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after acquiring an additional 282 shares during the period. Dunhill Financial LLC grew its position 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 purchasing an additional 288 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after purchasing an additional 291 shares during the period. Five Oceans Advisors raised its position in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after buying an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its stake in Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after buying an additional 300 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $37.37 on Thursday. The company has a market capitalization of $141.30 billion, a P/E ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00. 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 stock has a 50 day moving average price of $35.87 and a two-hundred day moving average price of $39.02.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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 net margin of 13.09% and a return on equity of 19.98%. Analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm 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. 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 annualized dividend and a dividend yield of 3.53%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMCSA shares. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays decreased their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective 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. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $43.64.

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.