Fidelis Capital Partners LLC Buys 7,753 Shares of Comcast Co. (NASDAQ:CMCSA)

Fidelis Capital Partners LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 54.5% during the 4th quarter, Holdings Channel reports. The fund owned 21,991 shares of the cable giant’s stock after buying an additional 7,753 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Comcast were worth $964,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Everett Harris & Co. CA lifted its holdings in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after buying an additional 1,486 shares during the period. Altus Wealth Group LLC increased its position in shares of Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after acquiring an additional 1,432 shares in the last quarter. PFG Advisors raised its holdings in shares of Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Comcast in the 3rd quarter valued at $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock traded up $0.63 during mid-day trading on Thursday, hitting $39.62. 15,684,657 shares of the company were exchanged, compared to its average volume of 20,616,016. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The business has a 50 day simple moving average of $41.89 and a 200-day simple moving average of $42.76. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $157.37 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. On average, equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is presently 33.33%.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Rosenblatt Securities boosted their target price on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. BNP Paribas reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.50.

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.