FMR LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,944,933 shares of the cable giant's stock after selling 475,395 shares during the period. FMR LLC owned approximately 3.09% of Comcast worth $4,388,943,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Clarkston Capital Partners LLC grew its holdings in shares of Comcast by 0.4% during the 4th quarter. Clarkston Capital Partners LLC now owns 678,694 shares of the cable giant's stock worth $25,471,000 after purchasing an additional 2,652 shares during the period. Ilmarinen Mutual Pension Insurance Co lifted its position in Comcast by 31.5% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 465,000 shares of the cable giant's stock valued at $17,451,000 after buying an additional 111,500 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Comcast by 15.8% during the fourth quarter. Russell Investments Group Ltd. now owns 5,695,517 shares of the cable giant's stock worth $213,562,000 after buying an additional 775,826 shares during the period. Hurley Capital LLC acquired a new stake in shares of Comcast during the fourth quarter valued at about $778,000. Finally, Payden & Rygel raised its stake in shares of Comcast by 627.3% in the 4th quarter. Payden & Rygel now owns 215,070 shares of the cable giant's stock valued at $8,072,000 after acquiring an additional 185,500 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on CMCSA shares. Benchmark cut their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group lowered their target price on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday. Finally, UBS Group lowered their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and an average target price of $42.90.
Get Our Latest Analysis on CMCSA
Comcast Stock Up 0.0 %
Shares of Comcast stock traded up $0.00 during trading hours on Friday, hitting $33.68. The company had a trading volume of 11,263,303 shares, compared to its average volume of 21,688,391. The company's 50-day moving average is $35.56 and its two-hundred day moving average is $38.61. 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 cap of $127.36 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.
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 (EPS) 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%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Increases Dividend
The company 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 is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.92%. Comcast's payout ratio is 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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