Comcast Co. (NASDAQ:CMCSA) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS grew its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 760,432 shares of the cable giant's stock after buying an additional 20,312 shares during the quarter. DnB Asset Management AS's holdings in Comcast were worth $28,539,000 as of its most recent filing with the SEC.

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

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CMCSA shares. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Wells Fargo & Company reduced 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. Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, BNP Paribas upgraded shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price objective on the stock in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $43.64.

Comcast Trading Down 0.5 %

NASDAQ:CMCSA traded down $0.18 during mid-day trading on Tuesday, reaching $36.72. The company's stock had a trading volume of 20,484,816 shares, compared to its average volume of 21,419,032. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company's fifty day simple moving average is $35.89 and its two-hundred day simple moving average is $38.98. 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 stock has a market cap of $138.84 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio is presently 31.81%.

Comcast 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.