Courier Capital LLC Buys 299 Shares of Comcast Co. (NASDAQ:CMCSA)

Courier Capital LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 92,125 shares of the cable giant’s stock after purchasing an additional 299 shares during the quarter. Courier Capital LLC’s holdings in Comcast were worth $4,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. NewSquare Capital LLC increased its position in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in Comcast in the fourth quarter worth $29,000. DHJJ Financial Advisors Ltd. bought a new stake in Comcast in the third quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Comcast by 205.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock worth $38,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.

Comcast Stock Up 1.4 %

NASDAQ:CMCSA opened at $43.07 on Thursday. Comcast Co. has a 1-year low of $36.35 and a 1-year high of $47.46. The company has a 50-day moving average of $43.08 and a 200 day moving average of $43.22. The firm has a market cap of $171.07 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. As a group, research analysts anticipate that Comcast Co. will post 4.3 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 31.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMCSA shares. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Citigroup boosted their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company boosted their price objective on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, Pivotal Research boosted their price objective on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

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.