Neuberger Berman Group LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,447,986 shares of the cable giant's stock after selling 129,194 shares during the period. Neuberger Berman Group LLC's holdings in Comcast were worth $54,343,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Comcast in the 4th quarter worth approximately $3,835,226,000. Geode Capital Management LLC boosted its stake in Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Invesco Ltd. increased its position in shares of Comcast by 11.5% during the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after buying an additional 4,669,069 shares during the period. First Eagle Investment Management LLC grew its stake in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock valued at $1,279,813,000 after acquiring an additional 2,270,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Comcast by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after purchasing an additional 838,366 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Stock Up 1.1 %
CMCSA traded up $0.37 on Tuesday, hitting $34.52. The company had a trading volume of 7,489,349 shares, compared to its average volume of 21,668,852. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31. The stock has a fifty day simple moving average of $35.57 and a 200-day simple moving average of $38.49. 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 firm has a market capitalization of $130.52 billion, a P/E ratio of 8.32, 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 results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is presently 31.81%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $37.00 to $31.00 in a research report on Monday. KeyCorp reduced their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, Rosenblatt Securities lowered their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.
Read Our Latest 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.
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