Capital Research Global Investors Has $1.33 Billion Position in Comcast Co. (NASDAQ:CMCSA)

Capital Research Global Investors decreased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,536,660 shares of the cable giant's stock after selling 3,233,006 shares during the quarter. Capital Research Global Investors owned 0.94% of Comcast worth $1,333,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Promus Capital LLC bought a new stake in Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter worth $28,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $37,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. Citigroup reduced their price target on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Loop Capital lowered their target price on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. 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. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

Comcast Price Performance

Shares of Comcast stock opened at $33.96 on Friday. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The stock has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. 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's 50-day moving average price is $35.51 and its two-hundred day moving average price is $38.32.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results 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, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. Comcast's payout ratio is presently 31.81%.

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.

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