Jupiter Asset Management Ltd. bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,523,344 shares of the cable giant's stock, valued at approximately $57,171,000.
Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Hopwood Financial Services Inc. acquired a new position in Comcast during the fourth quarter worth about $43,000. Farther Finance Advisors LLC raised its position in shares of Comcast by 45.3% in the fourth quarter. Farther Finance Advisors LLC now owns 62,206 shares of the cable giant's stock valued at $2,335,000 after buying an additional 19,396 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Comcast by 2.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 31,076 shares of the cable giant's stock valued at $1,166,000 after buying an additional 843 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Comcast by 14.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 445,259 shares of the cable giant's stock valued at $16,711,000 after purchasing an additional 54,521 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in Comcast by 12.5% in the fourth quarter. Moors & Cabot Inc. now owns 53,853 shares of the cable giant's stock valued at $2,021,000 after purchasing an additional 5,980 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
CMCSA has been the subject of a number of recent analyst reports. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Loop Capital decreased their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.83.
Check Out Our Latest Stock Report on CMCSA
Comcast Stock Down 0.4 %
Comcast stock opened at $35.95 on Wednesday. The company has a 50-day simple moving average of $36.07 and a 200-day simple moving average of $39.29. The firm has a market capitalization of $135.93 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current 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 paid 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 3.67%. Comcast's dividend payout ratio (DPR) is presently 31.81%.
Comcast Company Profile
(
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.
Further Reading
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