Massachusetts Financial Services Co. MA Has $989.11 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Massachusetts Financial Services Co. MA reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 39.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,355,210 shares of the cable giant's stock after selling 17,065,980 shares during the period. Massachusetts Financial Services Co. MA owned about 0.70% of Comcast worth $989,111,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Promus Capital LLC acquired a new position in Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMCSA. Loop Capital dropped their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley lowered their price target on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, BNP Paribas upgraded Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Ten 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 has a consensus rating of "Moderate Buy" and a consensus target price of $43.64.

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Comcast Price Performance

NASDAQ CMCSA traded down $0.89 during trading on Thursday, reaching $35.72. 26,827,088 shares of the company traded hands, compared to its average volume of 21,471,961. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock's 50 day moving average price is $35.84 and its two-hundred day moving average price is $38.92. The company has a market cap of $135.06 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.70%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.

About Comcast

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.