Rockefeller Capital Management L.P. Purchases 21,161 Shares of Comcast Co. (NASDAQ:CMCSA)

Rockefeller Capital Management L.P. grew its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 345,592 shares of the cable giant's stock after acquiring an additional 21,161 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Comcast were worth $12,990,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC increased its holdings in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after purchasing an additional 282 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after buying an additional 291 shares in the last quarter. Five Oceans Advisors grew its holdings in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after acquiring an additional 298 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the last quarter. Finally, Old Port Advisors lifted its position in Comcast by 4.9% during the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant's stock valued at $259,000 after purchasing an additional 325 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded down $0.40 during trading on Monday, reaching $33.61. 3,332,566 shares of the company were exchanged, compared to its average volume of 21,666,609. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $127.09 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a 50-day moving average of $35.51 and a two-hundred day moving average of $38.28.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost 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 3.93%. Comcast's dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CMCSA shares. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Macquarie dropped their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $42.50.

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.