Comcast Co. (NASDAQ:CMCSA) Shares Bought by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 119.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,643 shares of the cable giant’s stock after buying an additional 6,328 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Comcast were worth $437,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter valued at approximately $30,000. Finally, Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $35.10 on Thursday. The firm has a market capitalization of $132.71 billion, a P/E ratio of 8.46, a PEG ratio of 1.78 and a beta of 1.00. The stock has a fifty day moving average price of $36.41 and a 200 day moving average price of $39.52. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. 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 released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS 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%. Equities research analysts anticipate 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. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Citigroup decreased their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group decreased their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.