Ossiam Has $7.11 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Ossiam lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,516 shares of the cable giant's stock after selling 16,331 shares during the quarter. Ossiam's holdings in Comcast were worth $7,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Promus Capital LLC acquired a new position in Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Finally, OFI Invest Asset Management acquired a new stake in Comcast during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMCSA shares. UBS Group lowered their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. KeyCorp lowered their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barclays reduced 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. Citigroup reduced 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, JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a "neutral" 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 assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

Comcast Trading Down 3.7 %

NASDAQ:CMCSA traded down $1.28 on Thursday, reaching $33.19. The company's stock had a trading volume of 44,269,241 shares, compared to its average volume of 21,876,134. The firm has a market cap of $125.49 billion, a PE ratio of 8.00, a PEG ratio of 1.78 and a beta of 0.94. 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 business's 50-day moving average price is $35.44 and its two-hundred day moving average price is $38.18. Comcast Co. has a 1-year low of $31.54 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.

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.