Dimensional Fund Advisors LP Has $1.30 Billion Holdings in Comcast Co. (NASDAQ:CMCSA)

Dimensional Fund Advisors LP reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,550,877 shares of the cable giant's stock after selling 375,416 shares during the period. Dimensional Fund Advisors LP owned approximately 0.91% of Comcast worth $1,296,657,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CMCSA. World Investment Advisors LLC increased its position in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after acquiring an additional 229,192 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Comcast in the fourth quarter valued at approximately $743,681,000. Bfsg LLC grew its position in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Mission Wealth Management LP increased its stake in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. boosted its position in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after acquiring an additional 59,107 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMCSA shares. KeyCorp dropped their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

Comcast Stock Up 1.2 %

NASDAQ:CMCSA opened at $33.96 on Friday. The firm has a market cap of $128.40 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The company has a 50-day moving average of $35.51 and a 200 day moving average of $38.32.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, April 2nd. Comcast's 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.

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