Mirabella Financial Services LLP Takes $4.23 Million Position in Comcast Co. (NASDAQ:CMCSA)

Mirabella Financial Services LLP bought a new position in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 112,625 shares of the cable giant’s stock, valued at approximately $4,226,000.

Other large investors have also added to or reduced their stakes in the company. MML Investors Services LLC raised its holdings in shares of Comcast by 1.5% in the fourth quarter. MML Investors Services LLC now owns 702,029 shares of the cable giant’s stock valued at $26,347,000 after purchasing an additional 10,473 shares during the last quarter. MetLife Investment Management LLC increased its stake in Comcast by 0.6% in the 4th quarter. MetLife Investment Management LLC now owns 1,009,949 shares of the cable giant’s stock valued at $37,903,000 after buying an additional 5,820 shares during the last quarter. Natixis lifted its position in shares of Comcast by 8.8% during the 4th quarter. Natixis now owns 513,341 shares of the cable giant’s stock worth $19,266,000 after buying an additional 41,628 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Comcast by 8.4% in the 4th quarter. Norinchukin Bank The now owns 210,813 shares of the cable giant’s stock worth $7,912,000 after buying an additional 16,331 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Comcast by 82.1% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 909,507 shares of the cable giant’s stock valued at $34,134,000 after acquiring an additional 409,918 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $33.96 on Friday. The firm has a 50 day simple moving average of $35.51 and a two-hundred day simple moving average of $38.30. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $128.40 billion, a PE ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a one year low of $32.20 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

Several research analysts have weighed in on CMCSA shares. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Macquarie reduced their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities lowered their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.