DRW Securities LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 64.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,252 shares of the cable giant's stock after selling 34,152 shares during the quarter. DRW Securities LLC's holdings in Comcast were worth $722,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Comcast in the fourth quarter valued at $3,835,226,000. Geode Capital Management LLC increased its holdings in Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Invesco Ltd. lifted its stake in Comcast by 11.5% in the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock worth $1,695,454,000 after purchasing an additional 4,669,069 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock valued at $1,279,813,000 after buying an additional 2,270,186 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Comcast by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after buying an additional 838,366 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Wall Street Analyst Weigh In
CMCSA has been the subject of a number of research analyst reports. Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Rosenblatt Securities cut their price target on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. UBS Group lowered their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, KeyCorp dropped their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.50.
Check Out Our Latest Report on CMCSA
Comcast Stock Up 1.1 %
Shares of NASDAQ CMCSA traded up $0.36 on Tuesday, reaching $34.51. 6,460,968 shares of the company's stock traded hands, compared to its average volume of 21,664,813. The business's 50 day simple moving average is $35.57 and its two-hundred day simple moving average is $38.49. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The company has a market cap of $130.48 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast 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 issued a $0.33 dividend. 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast's dividend payout ratio (DPR) is presently 31.81%.
Comcast Company Profile
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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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