Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Natixis

Natixis increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,341 shares of the cable giant's stock after buying an additional 41,628 shares during the period. Natixis' holdings in Comcast were worth $19,266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in Comcast during the 3rd quarter valued at about $451,000. Invst LLC grew its position in Comcast by 8.4% in the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant's stock valued at $1,664,000 after acquiring an additional 3,077 shares during the last quarter. McIlrath & Eck LLC increased its stake in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after purchasing an additional 282 shares during the period. SkyView Investment Advisors LLC lifted its position in shares of Comcast by 6.4% during the third quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock worth $525,000 after purchasing an additional 759 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new stake in shares of Comcast during the third quarter valued at $1,301,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCSA. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. KeyCorp lowered their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

Comcast Stock Performance

CMCSA traded down $1.28 on Thursday, reaching $33.19. 44,269,241 shares of the stock were exchanged, compared to its average volume of 21,876,134. The company's 50-day moving average price is $35.44 and its 200 day moving average price is $38.18. 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 firm has a market capitalization of $125.49 billion, a PE ratio of 8.00, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a fifty-two week low of $31.54 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. As a group, sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were paid a $0.33 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.98%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio 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.