Azimuth Capital Investment Management LLC Has $371,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Azimuth Capital Investment Management LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 47.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,889 shares of the cable giant's stock after selling 9,006 shares during the period. Azimuth Capital Investment Management LLC's holdings in Comcast were worth $371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. APG Asset Management N.V. raised its stake in shares of Comcast by 629.9% during the fourth quarter. APG Asset Management N.V. now owns 3,791,412 shares of the cable giant's stock valued at $137,414,000 after purchasing an additional 3,271,996 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Comcast by 25.2% in the 4th quarter. Advisory Services Network LLC now owns 72,912 shares of the cable giant's stock worth $2,736,000 after acquiring an additional 14,671 shares during the period. FIL Ltd boosted its holdings in shares of Comcast by 5.4% in the fourth quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock valued at $20,877,000 after acquiring an additional 28,527 shares in the last quarter. Canopy Partners LLC acquired a new position in shares of Comcast during the fourth quarter valued at approximately $206,000. Finally, Twin Capital Management Inc. raised its holdings in Comcast by 1.6% during the fourth quarter. Twin Capital Management Inc. now owns 134,512 shares of the cable giant's stock worth $5,048,000 after purchasing an additional 2,156 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

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Comcast Price Performance

Shares of CMCSA stock traded up $0.36 during mid-day trading on Tuesday, reaching $34.51. The company's stock had a trading volume of 6,460,968 shares, compared to its average volume of 21,664,813. The firm's 50-day moving average is $35.57 and its two-hundred day moving average is $38.49. The company has a market cap of $130.48 billion, a P/E ratio of 8.32, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMCSA shares. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research report on Friday, January 31st. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Morgan Stanley dropped their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. UBS Group cut their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Scotiabank lifted their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

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.