Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 31.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 465,000 shares of the cable giant's stock after buying an additional 111,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Comcast were worth $17,451,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC lifted its stake in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after purchasing an additional 282 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after buying an additional 288 shares during the period. Integrated Investment Consultants LLC increased its stake 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 worth $622,000 after buying an additional 291 shares during the period. Five Oceans Advisors raised its holdings in shares of Comcast by 2.5% in the 4th 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. grew its stake in shares of Comcast by 1.1% during 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 in the last quarter. Institutional investors own 84.32% of the company's stock.

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Comcast Price Performance

Shares of CMCSA traded down $1.32 during trading hours on Thursday, reaching $33.86. 18,318,978 shares of the company traded hands, compared to its average volume of 21,679,698. The stock has a market capitalization of $128.03 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $38.66.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. As a group, research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal 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 $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMCSA. Barclays lowered their price target on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price 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. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and an average price target of $42.90.

Comcast Profile

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.