Harvest Fund Management Co. Ltd boosted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,645 shares of the cable giant's stock after buying an additional 46,700 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Comcast were worth $7,925,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter valued at about $30,000. 84.32% of the stock is currently owned by institutional investors.
Comcast Stock Up 0.7 %
CMCSA stock traded up $0.25 during trading hours on Friday, reaching $36.75. 54,562,009 shares of the stock were exchanged, compared to its average volume of 19,809,472. The company has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00. The firm's 50-day moving average is $35.83 and its 200-day moving average is $39.07. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.59%. Comcast's dividend payout ratio is presently 31.81%.
Analysts Set New Price Targets
Several research firms recently weighed in on CMCSA. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Rosenblatt Securities cut their target price on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average target price of $43.83.
Check Out Our Latest Analysis on Comcast
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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