American Century Companies Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,131,214 shares of the cable giant's stock after acquiring an additional 738,130 shares during the quarter. American Century Companies Inc. owned approximately 0.11% of Comcast worth $155,044,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in 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 buying an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter worth $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
Comcast Stock Performance
NASDAQ:CMCSA remained flat at $37.37 during trading hours on Thursday. The company's stock had a trading volume of 17,855,684 shares, compared to its average volume of 19,873,841. The firm has a market cap of $141.30 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00. The business's 50-day simple moving average is $35.87 and its two-hundred day simple moving average is $39.02. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.53%. Comcast's dividend payout ratio (DPR) is 31.81%.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. Seaport Res Ptn raised Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.64.
View Our Latest Analysis 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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