PGGM Investments reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 499,611 shares of the cable giant's stock after selling 53,536 shares during the period. PGGM Investments' holdings in Comcast were worth $18,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in Comcast by 28.9% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,789 shares of the cable giant's stock worth $910,000 after acquiring an additional 4,888 shares during the period. Savvy Advisors Inc. raised its holdings in Comcast by 32.4% in the 3rd quarter. Savvy Advisors Inc. now owns 7,903 shares of the cable giant's stock worth $330,000 after purchasing an additional 1,934 shares during the period. Aigen Investment Management LP purchased a new position in Comcast during the third quarter valued at $430,000. Aptus Capital Advisors LLC grew its holdings in Comcast by 19.1% during the third quarter. Aptus Capital Advisors LLC now owns 184,302 shares of the cable giant's stock valued at $7,698,000 after purchasing an additional 29,558 shares during the period. Finally, Live Oak Investment Partners increased its position in Comcast by 9.1% in the third quarter. Live Oak Investment Partners now owns 26,402 shares of the cable giant's stock worth $1,103,000 after buying an additional 2,209 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Price Performance
Comcast stock traded up $0.73 during mid-day trading on Friday, reaching $35.43. 27,404,019 shares of the company's stock traded hands, compared to its average volume of 27,748,998. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. 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 50 day moving average of $35.92 and a two-hundred day moving average of $39.20. The company has a market cap of $133.96 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The business also recently disclosed 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 represents a $1.32 annualized dividend and a dividend yield of 3.73%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.
Analyst Ratings Changes
CMCSA has been the topic of a number of analyst reports. Scotiabank cut Comcast from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $43.83.
View Our Latest Stock Analysis 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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