iA Global Asset Management Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,013 shares of the cable giant's stock after acquiring an additional 50,497 shares during the period. iA Global Asset Management Inc.'s holdings in Comcast were worth $18,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC increased its position in Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after acquiring an additional 282 shares during the period. Dunhill Financial LLC grew its stake in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after purchasing an additional 288 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares during the period. Five Oceans Advisors raised its stake in shares of Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after purchasing an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Stock Performance
CMCSA traded down $0.15 during midday trading on Monday, reaching $36.60. The company's stock had a trading volume of 34,932,733 shares, compared to its average volume of 19,872,572. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $138.39 billion, a P/E ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The company has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $39.05.
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%. Research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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 3.61%. Comcast's dividend payout ratio (DPR) is 31.81%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CMCSA. Barclays cut 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. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Loop Capital lowered their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Macquarie cut their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $43.83.
Read Our Latest Research Report 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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