Moors & Cabot Inc. Has $2.02 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Moors & Cabot Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 12.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,853 shares of the cable giant’s stock after purchasing an additional 5,980 shares during the period. Moors & Cabot Inc.’s holdings in Comcast were worth $2,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $25,000. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% during the fourth 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 period. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the third quarter valued at about $30,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CMCSA shares. Macquarie dropped their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Benchmark dropped their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Rosenblatt Securities decreased their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased 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 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Trading Down 2.1 %

Shares of CMCSA stock opened at $35.19 on Thursday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. 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 company has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $39.26. The company has a market capitalization of $133.05 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

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.