HighPoint Advisor Group LLC Has $4.55 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

HighPoint Advisor Group LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,424 shares of the cable giant's stock after selling 8,830 shares during the period. HighPoint Advisor Group LLC's holdings in Comcast were worth $4,547,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Comcast during the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast during the 4th quarter valued at about $743,681,000. Amundi raised its stake in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Comcast by 55,334.5% in 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 during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Comcast by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock valued at $1,279,813,000 after acquiring an additional 2,270,186 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. The Goldman Sachs Group lowered their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

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Comcast Price Performance

Shares of Comcast stock traded down $1.54 during trading on Friday, hitting $34.18. The stock had a trading volume of 15,630,708 shares, compared to its average volume of 21,451,764. The business has a fifty day moving average of $35.84 and a two-hundred day moving average of $38.92. The firm has a market cap of $129.25 billion, a P/E ratio of 8.24, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week 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 issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared 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 is a positive change 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 3.86%. Comcast's payout ratio is 31.81%.

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.