Fonville Wealth Management LLC Buys New Stake in Comcast Co. (NASDAQ:CMCSA)

Fonville Wealth Management LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,536 shares of the cable giant’s stock, valued at approximately $330,000.

A number of other large investors have also modified their holdings of the company. Fidelis Capital Partners LLC raised its position in shares of Comcast by 54.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 21,991 shares of the cable giant’s stock worth $964,000 after acquiring an additional 7,753 shares during the period. Western Wealth Management LLC raised its position in shares of Comcast by 1.9% in the fourth quarter. Western Wealth Management LLC now owns 47,119 shares of the cable giant’s stock worth $2,066,000 after acquiring an additional 885 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its position in shares of Comcast by 0.6% in the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 492,750 shares of the cable giant’s stock worth $21,607,000 after acquiring an additional 3,016 shares during the period. Xponance Inc. raised its position in shares of Comcast by 4.5% in the fourth quarter. Xponance Inc. now owns 555,574 shares of the cable giant’s stock worth $24,362,000 after acquiring an additional 24,166 shares during the period. Finally, Tilt Investment Management Holdings PBC acquired a new position in shares of Comcast in the fourth quarter worth about $730,000. Institutional investors and hedge funds 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. The company had a trading volume of 15,684,657 shares, compared to its average volume of 20,616,016. 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 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 current ratio of 0.60 and a quick ratio of 0.60. The company’s fifty day moving average is $41.89 and its 200 day moving average is $42.76.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Research analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders 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 is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Wells Fargo & Company dropped their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. 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 data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.18% of the company’s stock.

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.