FIL Ltd Purchases 28,527 Shares of Comcast Co. (NASDAQ:CMCSA)

FIL Ltd increased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 556,273 shares of the cable giant's stock after purchasing an additional 28,527 shares during the quarter. FIL Ltd's holdings in Comcast were worth $20,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake 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 acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at about $28,000. Finally, OFI Invest Asset Management purchased a new stake in Comcast in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA stock traded up $0.25 on Tuesday, reaching $34.40. The company's stock had a trading volume of 17,983,515 shares, compared to its average volume of 21,709,062. The company has a market capitalization of $130.07 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock's fifty day simple moving average is $35.57 and its 200-day simple moving average is $38.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.84%. Comcast's dividend payout ratio is 31.81%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Scotiabank boosted their price objective on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday. UBS Group decreased their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. Finally, Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.50.

About Comcast

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.