Prudential PLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Prudential PLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,746 shares of the cable giant's stock after buying an additional 10,112 shares during the period. Prudential PLC's holdings in Comcast were worth $5,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% in 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 period. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter worth about $28,000. Finally, Dunhill Financial LLC boosted its holdings in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays cut their price target on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 target price on Comcast in a research note on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday. Finally, UBS Group reduced their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, nine 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.90.

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Comcast Stock Up 0.1 %

NASDAQ CMCSA traded up $0.04 during trading hours on Friday, hitting $33.72. 26,797,395 shares of the company were exchanged, compared to its average volume of 21,735,894. 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 cap of $127.50 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.78 and a beta of 0.94. The company has a 50 day moving average of $35.56 and a two-hundred day moving average of $38.56. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change 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 (DPR) is presently 31.81%.

Comcast Company 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.