Curi RMB Capital LLC Purchases 100,486 Shares of Comcast Co. (NASDAQ:CMCSA)

Curi RMB Capital LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 44.7% in the fourth quarter, HoldingsChannel reports. The firm owned 325,403 shares of the cable giant’s stock after purchasing an additional 100,486 shares during the period. Curi RMB Capital LLC’s holdings in Comcast were worth $12,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its position in Comcast by 6.5% in the 4th quarter. First Trust Advisors LP now owns 3,828,656 shares of the cable giant’s stock valued at $143,689,000 after acquiring an additional 235,301 shares in the last quarter. Forum Financial Management LP increased its holdings in shares of Comcast by 4.0% in the fourth quarter. Forum Financial Management LP now owns 60,149 shares of the cable giant’s stock valued at $2,257,000 after purchasing an additional 2,338 shares in the last quarter. Cadence Bank raised its position in Comcast by 1.7% in the 4th quarter. Cadence Bank now owns 165,320 shares of the cable giant’s stock worth $6,204,000 after purchasing an additional 2,713 shares during the last quarter. Capital International Sarl lifted its holdings in Comcast by 8.1% during the 4th quarter. Capital International Sarl now owns 148,544 shares of the cable giant’s stock worth $5,575,000 after buying an additional 11,105 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in Comcast during the 4th quarter worth $44,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $33.96 on Friday. The firm’s 50 day moving average price is $35.51 and its two-hundred day moving average price is $38.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The firm has a market cap of $128.40 billion, a P/E ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94.

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

Comcast Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. Benchmark dropped their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley dropped their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.