Resona Asset Management Co. Ltd. Takes Position in Comcast Co. (NASDAQ:CMCSA)

Resona Asset Management Co. Ltd. acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,163,234 shares of the cable giant's stock, valued at approximately $43,724,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Comcast by 173.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,418,064 shares of the cable giant's stock worth $59,237,000 after purchasing an additional 899,716 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $451,000. Quadrature Capital Ltd bought a new stake in shares of Comcast in the 3rd quarter worth approximately $1,535,000. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the third quarter valued at approximately $30,000. Finally, Sora Investors LLC purchased a new stake in Comcast in the third quarter worth $25,998,000. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 5.0 %

Comcast stock traded down $1.75 during mid-day trading on Thursday, reaching $33.43. 13,983,739 shares of the company traded hands, compared to its average volume of 21,662,150. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31. 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's 50 day moving average price is $35.55 and its 200 day moving average price is $38.66. The firm has a market capitalization of $126.39 billion, a price-to-earnings ratio of 8.06, 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 released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. On average, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.95%. Comcast's dividend payout ratio (DPR) is currently 31.81%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMCSA shares. Barclays cut their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Scotiabank boosted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday. Citigroup dropped their price objective on Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.90.

Comcast Company 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.