APG Asset Management N.V. Purchases 3,271,996 Shares of Comcast Co. (NASDAQ:CMCSA)

APG Asset Management N.V. increased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 629.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,791,412 shares of the cable giant's stock after buying an additional 3,271,996 shares during the quarter. APG Asset Management N.V. owned about 0.10% of Comcast worth $137,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMCSA. World Investment Advisors LLC lifted its holdings in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after buying an additional 229,192 shares during the period. Raymond James Financial Inc. bought a new position in Comcast in the fourth quarter valued at about $743,681,000. Bfsg LLC lifted its holdings in Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after acquiring an additional 73,590 shares during the period. Mission Wealth Management LP boosted its position in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. grew its stake in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

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Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.04 during midday trading on Friday, reaching $33.72. 26,797,395 shares of the stock traded hands, compared to its average volume of 21,735,894. The company's 50 day moving average is $35.56 and its 200 day moving average is $38.56. Comcast Co. has a one year low of $32.20 and a one year high of $45.31. 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 capitalization of $127.50 billion, a PE ratio of 8.13, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released 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, equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.91%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCSA. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. UBS Group dropped their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research report on Friday, January 31st. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and an average target price of $42.90.

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.