Comcast Co. (NASDAQ:CMCSA) Shares Bought by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 286,186 shares of the cable giant’s stock after purchasing an additional 19,127 shares during the period. Comcast makes up 1.2% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 19th largest position. Van Cleef Asset Management Inc’s holdings in Comcast were worth $10,741,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC increased its holdings in 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. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter worth $30,000. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at $28,000. Finally, Dunhill Financial LLC boosted its holdings in 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 acquiring an additional 288 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 0.8 %

NASDAQ CMCSA opened at $35.39 on Friday. The firm has a market cap of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.78 and a beta of 1.00. 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 firm’s fifty day moving average is $36.37 and its two-hundred day moving average is $39.49. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed 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 boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price 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.