Natural Investments LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,421 shares of the cable giant's stock, valued at approximately $541,000.
Other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Comcast by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after buying an additional 838,366 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the last quarter. Amundi raised its stake in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Comcast in the 4th quarter worth approximately $743,681,000. 84.32% of the stock is currently owned by institutional investors.
Comcast Price Performance
Shares of CMCSA stock opened at $35.95 on Wednesday. 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 stock has a market cap of $135.93 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.78 and a beta of 1.00. The business's fifty day moving average is $36.07 and its 200 day moving average is $39.29. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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%. Research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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 represents a $1.32 annualized dividend and a dividend yield of 3.67%. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is presently 31.81%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CMCSA shares. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Scotiabank lowered Comcast from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Nine investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.83.
View Our Latest Research Report on Comcast
About Comcast
(
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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