15,291 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Quest Partners LLC

Quest Partners LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,291 shares of the cable giant’s stock, valued at approximately $671,000.

A number of other large investors also recently bought and sold shares of CMCSA. NewSquare Capital LLC grew its position in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $37,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.8 %

CMCSA stock opened at $38.89 on Thursday. The company has a market cap of $152.59 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.98 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $40.37 and a 200-day simple moving average of $42.09. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.19%. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMCSA. BNP Paribas restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Macquarie reduced their price objective on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.33.

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.