Heritage Trust Co purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 128,950 shares of the cable giant's stock, valued at approximately $4,840,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Comcast during the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC raised its stake in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Invesco Ltd. lifted its position in Comcast by 11.5% during the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after purchasing an additional 4,669,069 shares during the last quarter. First Eagle Investment Management LLC grew its stake in 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 buying an additional 2,270,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Comcast by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after buying an additional 838,366 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
CMCSA has been the subject of several research reports. Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Rosenblatt Securities cut their price objective on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $37.00 to $31.00 in a report on Monday. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Finally, Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $42.50.
Check Out Our Latest Research Report on Comcast
Comcast Stock Up 0.7 %
CMCSA stock traded up $0.25 during midday trading on Tuesday, hitting $34.40. The company's stock had a trading volume of 17,983,362 shares, compared to its average volume of 21,709,036. The firm's 50-day moving average is $35.57 and its 200-day 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 12 month low of $32.20 and a 12 month high of $45.31. The company has a market cap of $130.07 billion, a PE ratio of 8.29, a P/E/G ratio of 1.78 and a beta of 0.94.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio 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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