Assetmark Inc. Raises Position in Comcast Co. (NASDAQ:CMCSA)

Assetmark Inc. grew its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,711,752 shares of the cable giant's stock after buying an additional 210,426 shares during the quarter. Assetmark Inc. owned approximately 0.07% of Comcast worth $101,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Taurus Asset Management LLC lifted its stake in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after purchasing an additional 253 shares during the last quarter. Arvest Investments Inc. lifted its stake in shares of Comcast by 1.0% during the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant's stock worth $1,137,000 after acquiring an additional 268 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after acquiring an additional 282 shares during the last quarter. Mengis Capital Management Inc. grew its position in Comcast by 1.5% in the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant's stock valued at $796,000 after acquiring an additional 283 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after purchasing an additional 288 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.06 during midday trading on Wednesday, hitting $35.56. The company's stock had a trading volume of 24,530,240 shares, compared to its average volume of 26,877,727. The company has a market cap of $134.45 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. 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 12-month low of $32.50 and a 12-month high of $45.31. The business's 50 day simple moving average is $36.17 and its 200 day simple moving average is $39.39.

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

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase 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%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research reports. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Rosenblatt Securities dropped their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.83.

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.