Whittier Trust Co. of Nevada Inc. reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 186,001 shares of the cable giant's stock after selling 6,873 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Comcast were worth $6,979,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. First Eagle Investment Management LLC increased its position in shares of 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. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 2.6% in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. Finally, Amundi grew its stake in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
CMCSA has been the subject of several analyst reports. UBS Group cut their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. BNP Paribas upgraded Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price for the company in a research report on Friday, January 31st. Seaport Res Ptn raised Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.64.
View Our Latest Stock Report on Comcast
Comcast Trading Up 0.9 %
CMCSA stock traded up $0.34 during trading on Tuesday, hitting $36.94. 31,434,026 shares of the company traded hands, compared to its average volume of 19,829,573. The company has a 50-day moving average of $35.84 and a 200-day moving average of $39.05. 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 1 year low of $32.50 and a 1 year high of $45.31. The firm has a market capitalization of $139.67 billion, a PE ratio of 8.90, a P/E/G ratio of 1.78 and a beta of 1.00.
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 return on equity of 19.98% and a net margin of 13.09%. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. 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 yield of 3.57%. Comcast's dividend payout ratio is presently 31.81%.
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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