Bislett Management LLC Acquires 35,000 Shares of Comcast Co. (NASDAQ:CMCSA)

Bislett Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 210,000 shares of the cable giant's stock after acquiring an additional 35,000 shares during the quarter. Comcast accounts for about 5.6% of Bislett Management LLC's investment portfolio, making the stock its 6th biggest position. Bislett Management LLC's holdings in Comcast were worth $7,881,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new position in Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast in the third quarter valued at approximately $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMCSA. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target for the company in a report on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.08.

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Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.30 during midday trading on Monday, hitting $33.68. 31,181,000 shares of the company's stock were exchanged, compared to its average volume of 21,562,463. Comcast Co. has a 12 month low of $32.40 and a 12 month high of $45.31. The company's 50 day moving average price is $35.76 and its 200 day moving average price is $38.87. 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 capitalization of $127.36 billion, a PE ratio of 8.08, a price-to-earnings-growth 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%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. 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 annualized dividend and a yield of 3.92%. Comcast's dividend payout ratio (DPR) is 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.