Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Payden & Rygel

Payden & Rygel raised its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 627.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 215,070 shares of the cable giant's stock after buying an additional 185,500 shares during the period. Payden & Rygel's holdings in Comcast were worth $8,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Norges Bank purchased a new stake in Comcast during the 4th quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. bought a new stake in Comcast in the fourth quarter worth $743,681,000. Amundi raised its position in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the period. Finally, First Eagle Investment Management LLC increased its position 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 during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 3.9 %

Shares of Comcast stock traded down $1.37 during trading on Thursday, reaching $33.81. The company's stock had a trading volume of 17,406,592 shares, compared to its average volume of 21,675,538. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The company has a 50-day simple moving average of $35.55 and a two-hundred day simple moving average of $38.66. 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 company has a market cap of $127.85 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.78 and a beta of 0.94.

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Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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%. As a group, equities analysts forecast 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 paid a $0.33 dividend. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.90%. Comcast's dividend payout ratio is presently 31.81%.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and cut their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.90.

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.