Syntegra Private Wealth Group LLC Has $325,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Syntegra Private Wealth Group LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,405 shares of the cable giant’s stock after purchasing an additional 390 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Comcast were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the last quarter. Quilter Plc bought a new stake in Comcast in the first quarter valued at approximately $695,100,000. DHJJ Financial Advisors Ltd. bought a new stake in Comcast in the third quarter valued at approximately $33,000. Fortis Capital Advisors LLC bought a new stake in Comcast in the fourth quarter valued at approximately $29,000. Finally, First Personal Financial Services bought a new stake in Comcast in the third quarter valued at approximately $39,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.7 %

Shares of NASDAQ CMCSA traded up $0.28 during midday trading on Thursday, reaching $43.35. The stock had a trading volume of 21,157,230 shares, compared to its average volume of 20,287,184. The firm has a market cap of $172.18 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Comcast Co. has a twelve month low of $36.38 and a twelve month 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’s 50 day moving average price is $43.09 and its 200 day moving average price is $43.22.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion during 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%. As a group, sell-side analysts expect that Comcast Co. will post 4.3 EPS 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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is 31.18%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Rosenblatt Securities increased their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Citigroup increased 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. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

Insider Buying and Selling at Comcast

In other Comcast 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 transaction of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.18% of the stock is currently owned by company insiders.

About Comcast

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.