Magnetar Financial LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Magnetar Financial LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 157,135 shares of the cable giant's stock, valued at approximately $5,897,000.

Other institutional investors have also bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC grew its holdings in 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 purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Comcast in the third quarter valued at $30,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $27,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter worth about $28,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Comcast stock traded down $0.15 during mid-day trading on Monday, reaching $36.60. 34,932,733 shares of the company's stock were exchanged, compared to its average volume of 19,872,572. The firm has a market capitalization of $138.39 billion, a PE ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. 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 business's fifty day simple moving average is $35.84 and its 200 day simple moving average is $39.05. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side 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. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. 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 dividend yield of 3.61%. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Morgan Stanley decreased their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

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.