Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 204.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,400 shares of the cable giant's stock after purchasing an additional 74,100 shares during the quarter. Alberta Investment Management Corp's holdings in Comcast were worth $4,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Winch Advisory Services LLC increased its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter valued at $28,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth about $30,000. Finally, Dunhill Financial LLC grew its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after buying an additional 288 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. Evercore ISI raised Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, 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. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $44.13.

Comcast Stock Down 0.4 %

Comcast stock traded down $0.16 during trading hours on Friday, hitting $36.26. 21,402,835 shares of the stock traded hands, compared to its average volume of 26,761,117. The firm's 50-day moving average price is $36.65 and its two-hundred day moving average price is $39.60. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $137.08 billion, a PE ratio of 8.74, a PEG ratio of 1.79 and a beta of 1.00. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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 forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.64%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 29.88%.

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.