BI Asset Management Fondsmaeglerselskab A S Has $34.13 Million Position in Comcast Co. (NASDAQ:CMCSA)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 82.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 909,507 shares of the cable giant's stock after acquiring an additional 409,918 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Comcast were worth $34,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. McIlrath & Eck LLC grew its holdings in 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. Integrated Investment Consultants LLC increased its holdings in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares in the last quarter. Five Oceans Advisors increased its holdings in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after purchasing an additional 298 shares in the last quarter. Kovack Advisors Inc. raised its position in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the last quarter. Finally, Beck Mack & Oliver LLC lifted its holdings in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after buying an additional 300 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock 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 research report on Thursday, April 10th. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $42.50.

Comcast Stock Down 3.6 %

Shares of Comcast stock traded down $1.24 on Thursday, hitting $33.23. The company had a trading volume of 30,525,821 shares, compared to its average volume of 21,823,527. The stock has a 50-day moving average of $35.44 and a 200-day moving average of $38.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a twelve month low of $31.54 and a twelve month high of $45.31. The firm has a market capitalization of $125.64 billion, a P/E ratio of 8.01, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, April 2nd. Comcast's dividend payout ratio is currently 31.81%.

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.