Global View Capital Management LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Global View Capital Management LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,650 shares of the cable giant’s stock, valued at approximately $511,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings 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 acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter valued at about $30,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CMCSA shares. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research note on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Down 3.9 %

Shares of CMCSA opened at $36.11 on Tuesday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm’s 50 day moving average is $36.10 and its 200-day moving average is $39.32. The stock has a market capitalization of $136.53 billion, a PE ratio of 8.70, a P/E/G ratio of 1.78 and a beta of 1.00. 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 announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company 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 represents a $1.32 dividend on an annualized basis and a yield of 3.66%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

Comcast Company 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.