Obermeyer Wood Investment Counsel Lllp Acquires 3,016 Shares of Comcast Co. (NASDAQ:CMCSA)

Obermeyer Wood Investment Counsel Lllp lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 492,750 shares of the cable giant’s stock after purchasing an additional 3,016 shares during the quarter. Comcast accounts for 1.5% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 25th largest position. Obermeyer Wood Investment Counsel Lllp’s holdings in Comcast were worth $21,607,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CMCSA. Keystone Financial Services grew its stake in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after buying an additional 229 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares in the last quarter. Ironwood Financial llc boosted its position in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares during the period. Welch Group LLC boosted its position in Comcast by 4.4% during the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after buying an additional 239 shares during the period. Finally, Tradewinds LLC. boosted its position in Comcast by 1.3% during the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after buying an additional 241 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock traded up $0.63 during mid-day trading on Thursday, hitting $39.62. The company had a trading volume of 15,680,816 shares, compared to its average volume of 20,616,016. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The stock’s 50 day moving average price is $41.89 and its 200-day moving average price is $42.76. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $157.37 billion, a P/E ratio of 10.65, a P/E/G 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Wells Fargo & Company dropped their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Oppenheimer restated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Insider Activity at Comcast

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

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.