1,443,006 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,443,006 shares of the cable giant's stock, valued at approximately $54,156,000.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Comcast in the third quarter valued at $10,003,000. Pacer Advisors Inc. grew its stake in shares of Comcast by 2.6% during the 3rd quarter. Pacer Advisors Inc. now owns 476,352 shares of the cable giant's stock worth $19,897,000 after purchasing an additional 12,009 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Comcast by 10.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 497,251 shares of the cable giant's stock valued at $21,834,000 after purchasing an additional 47,631 shares in the last quarter. 49 Wealth Management LLC lifted its stake in shares of Comcast by 39.4% in the 3rd quarter. 49 Wealth Management LLC now owns 7,620 shares of the cable giant's stock valued at $318,000 after purchasing an additional 2,152 shares during the period. Finally, CFS Investment Advisory Services LLC boosted its holdings in Comcast by 3.4% during the third quarter. CFS Investment Advisory Services LLC now owns 32,592 shares of the cable giant's stock worth $1,361,000 after buying an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMCSA. Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. Ten investment 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.64.

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Comcast Stock Up 1.2 %

Shares of Comcast stock traded up $0.43 during trading hours on Wednesday, hitting $37.37. The company had a trading volume of 25,941,135 shares, compared to its average volume of 19,897,066. Comcast Co. has a twelve month low of $32.50 and a twelve month 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. The company has a market cap of $141.30 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company's 50-day moving average is $35.87 and its two-hundred day moving average is $39.02.

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 return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. Comcast's payout ratio is currently 31.81%.

Comcast Company 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.