Blueshift Asset Management LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Blueshift Asset Management LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,781 shares of the cable giant's stock, valued at approximately $1,831,000. Comcast accounts for 0.7% of Blueshift Asset Management LLC's portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also bought and sold shares of CMCSA. FMR LLC grew its holdings in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after buying an additional 838,366 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the last quarter. Finally, Amundi boosted its stake in Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

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Comcast Trading Down 0.4 %

CMCSA stock traded down $0.15 during midday trading on Monday, hitting $36.60. The stock had a trading volume of 34,932,733 shares, compared to its average volume of 19,872,572. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $138.39 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business has a fifty day moving average price of $35.84 and a two-hundred day moving average price of $39.05. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMCSA. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Wells Fargo & Company cut their target price on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. BNP Paribas upgraded 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. Rosenblatt Securities cut their price objective on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.