39,092 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,092 shares of the cable giant's stock, valued at approximately $1,467,000. Comcast accounts for about 1.3% of Potomac Fund Management Inc. ADV's holdings, making the stock its 17th largest holding.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Comcast during the fourth quarter worth $3,835,226,000. Raymond James Financial Inc. acquired a new stake in Comcast during the 4th quarter worth about $743,681,000. Amundi grew its position in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock valued at $345,565,000 after buying an additional 8,258,128 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Comcast by 7.1% in the 4th 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 buying an additional 2,270,186 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA traded down $2.34 on Friday, hitting $33.38. 37,310,535 shares of the company's stock were exchanged, compared to its average volume of 21,518,412. The firm has a 50-day moving average price of $35.76 and a 200-day moving average price of $38.87. The stock has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current 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 issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CMCSA shares. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price for the company in a report on Friday, January 31st. Barclays lowered their price target on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Finally, Benchmark lowered their target price 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. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus target price of $43.08.

About Comcast

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.