Comcast Co. (NASDAQ:CMCSA) is LSV Asset Management's 5th Largest Position

LSV Asset Management reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,335,258 shares of the cable giant's stock after selling 295,198 shares during the quarter. Comcast comprises 1.2% of LSV Asset Management's investment portfolio, making the stock its 5th biggest position. LSV Asset Management owned about 0.38% of Comcast worth $538,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Promus Capital LLC bought a new stake in Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter worth approximately $28,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $37,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.1 %

Shares of Comcast stock traded up $0.37 during trading hours on Tuesday, reaching $34.52. 7,489,349 shares of the company's stock were exchanged, compared to its average volume of 21,668,709. The company has a fifty day moving average of $35.57 and a 200-day moving average of $38.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31. The firm has a market capitalization of $130.52 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

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Comcast (NASDAQ:CMCSA - Get Free Report) last released 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%. Sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CMCSA shares. KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday. Rosenblatt Securities dropped their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and cut their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Comcast has an average rating of "Moderate Buy" and an average target price of $42.50.

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.