Larson Financial Group LLC Acquires 1,157 Shares of Comcast Co. (NASDAQ:CMCSA)

Larson Financial Group LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,940 shares of the cable giant’s stock after buying an additional 1,157 shares during the quarter. Larson Financial Group LLC’s holdings in Comcast were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fiera Capital Corp increased its stake in shares of Comcast by 7.3% during the third quarter. Fiera Capital Corp now owns 95,192 shares of the cable giant’s stock worth $3,976,000 after purchasing an additional 6,469 shares during the period. Equitable Trust Co. grew its holdings in Comcast by 26.6% in the 3rd quarter. Equitable Trust Co. now owns 18,014 shares of the cable giant’s stock valued at $752,000 after buying an additional 3,784 shares in the last quarter. Verdence Capital Advisors LLC increased its position in Comcast by 8.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 57,736 shares of the cable giant’s stock worth $2,412,000 after buying an additional 4,375 shares during the period. Mesirow Financial Investment Management Inc. increased its position in Comcast by 1.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 63,936 shares of the cable giant’s stock worth $2,671,000 after buying an additional 1,067 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Comcast by 5.9% during the third quarter. Covestor Ltd now owns 7,372 shares of the cable giant’s stock worth $308,000 after buying an additional 413 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Wells Fargo & Company lowered their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Finally, Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Performance

NASDAQ CMCSA opened at $37.59 on Monday. The firm’s fifty day moving average price is $36.12 and its two-hundred day moving average price is $39.34. The stock has a market cap of $142.13 billion, a PE ratio of 9.06, a PEG 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. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. On average, equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 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.