Grantham Mayo Van Otterloo & Co. LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,545,328 shares of the cable giant's stock after selling 53,600 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Comcast were worth $57,996,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Comcast in the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc. bought a new position in shares of Comcast in the fourth quarter valued at $743,681,000. Amundi grew its holdings in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares during the last quarter. 84.32% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on CMCSA. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. 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 research report on Friday, January 31st. Wells Fargo & Company dropped their price target on Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, Scotiabank lifted their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.90.
View Our Latest Report on Comcast
Comcast Trading Down 4.2 %
Shares of CMCSA stock traded down $1.47 during trading hours on Thursday, reaching $33.72. The company's stock had a trading volume of 15,198,536 shares, compared to its average volume of 21,667,762. 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 one year low of $32.20 and a one year high of $45.31. The stock has a market capitalization of $127.48 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.78 and a beta of 0.94. The firm's fifty day simple moving average is $35.55 and its 200 day simple moving average is $38.66.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current 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 issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.92%. Comcast's dividend payout ratio (DPR) is 31.81%.
About Comcast
(
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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