Bank of Nova Scotia lessened its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088,915 shares of the cable giant's stock after selling 631,888 shares during the quarter. Bank of Nova Scotia's holdings in Comcast were worth $40,867,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CMCSA. Norges Bank purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast in the fourth quarter valued at $743,681,000. Amundi lifted its stake in shares of Comcast by 147.9% in 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 last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the period. Finally, Invesco Ltd. raised its holdings in Comcast by 11.5% in the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after buying an additional 4,669,069 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Stock Performance
CMCSA stock traded up $0.41 during trading on Monday, hitting $34.13. The company had a trading volume of 6,579,862 shares, compared to its average volume of 21,670,802. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The firm has a 50-day moving average price of $35.56 and a 200-day moving average price of $38.54. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $129.05 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 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, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.87%. Comcast's payout ratio is 31.81%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on CMCSA shares. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities lowered their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.
Check Out Our Latest Stock 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.
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