Harbour Investments Inc. Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Harbour Investments Inc. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,493 shares of the cable giant’s stock after purchasing an additional 605 shares during the period. Harbour Investments Inc.’s holdings in Comcast were worth $882,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its stake in shares of Comcast by 16.1% in the 4th quarter. Greenwich Wealth Management LLC now owns 10,602 shares of the cable giant’s stock valued at $398,000 after acquiring an additional 1,467 shares during the period. Choate Investment Advisors raised its stake in shares of Comcast by 3.7% in the 4th quarter. Choate Investment Advisors now owns 37,179 shares of the cable giant’s stock valued at $1,395,000 after acquiring an additional 1,328 shares during the period. Diversified Enterprises LLC raised its stake in shares of Comcast by 5.7% in the 4th quarter. Diversified Enterprises LLC now owns 14,627 shares of the cable giant’s stock valued at $549,000 after acquiring an additional 794 shares during the period. Poinciana Advisors Group LLC purchased a new position in shares of Comcast in the 4th quarter valued at $328,000. Finally, First National Trust Co raised its stake in shares of Comcast by 22.9% in the 4th quarter. First National Trust Co now owns 47,327 shares of the cable giant’s stock valued at $1,776,000 after acquiring an additional 8,826 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2 %

NASDAQ CMCSA opened at $36.09 on Thursday. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company has a 50-day simple moving average of $35.84 and a 200-day simple moving average of $39.11. 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 has a market capitalization of $136.46 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly 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 net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.66%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.