Comcast Co. (NASDAQ:CMCSA) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,722,885 shares of the cable giant's stock after purchasing an additional 164,185 shares during the quarter. Sei Investments Co. owned about 0.07% of Comcast worth $102,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Promus Capital LLC bought a new stake in Comcast in the fourth quarter worth about $25,000. Winch Advisory Services LLC lifted its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the third quarter worth $30,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CMCSA. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. BNP Paribas upgraded 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. Scotiabank downgraded Comcast from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Morgan Stanley cut their price target on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Ten 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.64.

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Comcast Stock Performance

CMCSA stock remained flat at $37.37 during trading on Thursday. 17,855,684 shares of the company were exchanged, compared to its average volume of 19,873,841. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The firm has a market cap of $141.30 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business has a fifty day simple moving average of $35.87 and a 200-day simple moving average of $39.02.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend 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.