Borer Denton & Associates Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,289 shares of the cable giant's stock after selling 7,177 shares during the quarter. Comcast makes up approximately 0.9% of Borer Denton & Associates Inc.'s portfolio, making the stock its 27th biggest position. Borer Denton & Associates Inc.'s holdings in Comcast were worth $2,525,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Comcast during the fourth quarter worth about $743,681,000. Amundi raised 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 buying an additional 14,369,056 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the last quarter. FMR LLC raised its position in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant's stock worth $143,242,000 after acquiring an additional 2,885,370 shares during the last quarter. Institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
CMCSA has been the subject of a number of research analyst reports. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group cut their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped 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. Finally, Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.64.
Get Our Latest Stock Analysis on CMCSA
Comcast Trading Down 2.0 %
Shares of NASDAQ CMCSA traded down $0.75 during mid-day trading on Friday, reaching $36.62. The company had a trading volume of 23,323,616 shares, compared to its average volume of 21,396,726. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business's 50-day moving average is $35.89 and its 200-day moving average is $38.99. The stock has a market cap of $138.46 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly 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%. Equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The business 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.60%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is currently 31.81%.
Comcast Company Profile
(
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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