Xponance Inc. Acquires 24,166 Shares of Comcast Co. (NASDAQ:CMCSA)

Xponance Inc. lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 555,574 shares of the cable giant’s stock after purchasing an additional 24,166 shares during the period. Xponance Inc.’s holdings in Comcast were worth $24,362,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMCSA. Tilt Investment Management Holdings PBC bought a new position in shares of Comcast in the fourth quarter valued at about $730,000. Twin Capital Management Inc. raised its position in shares of Comcast by 7.4% in the fourth quarter. Twin Capital Management Inc. now owns 131,393 shares of the cable giant’s stock valued at $5,762,000 after purchasing an additional 9,025 shares during the period. Peterson Wealth Services raised its position in shares of Comcast by 2.8% in the fourth quarter. Peterson Wealth Services now owns 31,473 shares of the cable giant’s stock valued at $1,380,000 after purchasing an additional 866 shares during the period. HF Advisory Group LLC raised its position in shares of Comcast by 50.2% in the fourth quarter. HF Advisory Group LLC now owns 16,086 shares of the cable giant’s stock valued at $705,000 after purchasing an additional 5,376 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Comcast by 2.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 162,209 shares of the cable giant’s stock valued at $7,113,000 after purchasing an additional 3,497 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.6 %

Shares of CMCSA stock traded up $0.63 during trading hours on Thursday, hitting $39.62. 15,482,356 shares of the company were exchanged, compared to its average volume of 20,532,176. The firm has a market cap 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 Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50 day simple moving average of $41.89 and a two-hundred day simple moving average of $42.76.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Equities analysts anticipate that Comcast Co. will post 4.23 EPS 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 given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 3.13%. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

Several research firms recently commented on CMCSA. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. BNP Paribas restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Citigroup upped their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on 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 accessible through this hyperlink. 1.18% of the stock is currently owned by insiders.

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.