Frazier Financial Advisors LLC Takes $54,000 Position in Comcast Co. (NASDAQ:CMCSA)

Frazier Financial Advisors LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,231 shares of the cable giant’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Comcast in the fourth quarter worth about $2,542,988,000. Northern Trust Corp raised its holdings in Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares during the period. LSV Asset Management lifted its stake in Comcast by 3.8% in the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after buying an additional 570,050 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after buying an additional 329,278 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Comcast by 5.4% during the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after acquiring an additional 581,163 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CMCSA shares. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Evercore ISI restated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Comcast Stock Down 0.1 %

Shares of NASDAQ CMCSA traded down $0.05 during mid-day trading on Thursday, reaching $38.84. 5,146,201 shares of the company’s stock traded hands, compared to its average volume of 20,471,238. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The stock has a market cap of $152.39 billion, a P/E ratio of 10.34, a PEG ratio of 0.98 and a beta of 0.99. The business has a 50-day simple moving average of $40.37 and a 200 day simple moving average of $42.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share 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 business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period last year, the business earned $0.92 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

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

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.