AGF Management Ltd. acquired a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 332,706 shares of the cable giant's stock, valued at approximately $12,486,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Comcast by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock valued at $1,227,591,000 after purchasing an additional 838,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. Amundi raised its stake in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Comcast during the 4th quarter valued at $743,681,000. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Price Performance
Shares of Comcast stock opened at $35.95 on Wednesday. The stock has a 50 day moving average of $36.07 and a 200 day moving average of $39.29. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm has a market cap of $135.93 billion, a PE ratio of 8.66, a PEG ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.67%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is 31.81%.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of a number of analyst reports. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Rosenblatt Securities decreased their price target on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, Scotiabank lowered Comcast from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.83.
Check Out Our Latest Research Report on Comcast
About Comcast
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
