Dynamic Technology Lab Private Ltd Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Dynamic Technology Lab Private Ltd bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,166 shares of the cable giant's stock, valued at approximately $1,170,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Promus Capital LLC bought a new position in shares of Comcast during the fourth quarter valued at about $25,000. Winch Advisory Services LLC lifted its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Dunhill Financial LLC increased its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Macquarie cut their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Loop Capital lowered their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Finally, BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.90.

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Comcast Price Performance

Shares of CMCSA stock traded down $0.07 on Friday, reaching $33.61. The company's stock had a trading volume of 8,083,857 shares, compared to its average volume of 21,678,076. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31. The stock's 50 day simple moving average is $35.56 and its 200-day simple moving average is $38.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $127.07 billion, a P/E ratio of 8.07, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is currently 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.