Syntegra Private Wealth Group LLC Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Syntegra Private Wealth Group LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,405 shares of the cable giant’s stock after buying an additional 390 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Comcast were worth $325,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $1,798,173,000. Moneta Group Investment Advisors LLC grew its position in shares of Comcast by 121,265.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after purchasing an additional 25,509,390 shares in the last quarter. Morgan Stanley grew its position in shares of Comcast by 15.2% in the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after purchasing an additional 7,084,451 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after purchasing an additional 5,880,050 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Comcast by 229.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,369,912 shares of the cable giant’s stock valued at $264,670,000 after purchasing an additional 4,437,276 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Rosenblatt Securities increased their price objective on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.68.

Insider Buying and Selling at Comcast

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

Comcast Stock Up 0.7 %

Shares of NASDAQ CMCSA traded up $0.28 during mid-day trading on Thursday, hitting $43.35. The company had a trading volume of 21,157,230 shares, compared to its average volume of 20,287,184. The company has a market capitalization of $172.18 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The business’s 50-day simple moving average is $43.09 and its 200 day simple moving average is $43.22.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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. The business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, analysts predict that Comcast Co. will post 4.3 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. Shareholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Comcast’s dividend payout ratio (DPR) is currently 31.18%.

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.