Robeco Institutional Asset Management B.V. Increases Position in Comcast Co. (NASDAQ:CMCSA)

Robeco Institutional Asset Management B.V. lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 988,958 shares of the cable giant's stock after acquiring an additional 61,726 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Comcast were worth $41,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. SPC Financial Inc. lifted its stake in Comcast by 4.0% in the first quarter. SPC Financial Inc. now owns 49,636 shares of the cable giant's stock valued at $2,152,000 after buying an additional 1,903 shares in the last quarter. TFG Advisers LLC grew its position in Comcast by 30.8% in the first quarter. TFG Advisers LLC now owns 8,910 shares of the cable giant's stock valued at $386,000 after purchasing an additional 2,097 shares in the last quarter. Davidson Capital Management Inc. raised its holdings in Comcast by 1.7% during the first quarter. Davidson Capital Management Inc. now owns 52,829 shares of the cable giant's stock worth $2,290,000 after acquiring an additional 880 shares in the last quarter. CFO4Life Group LLC grew its stake in shares of Comcast by 20.6% in the first quarter. CFO4Life Group LLC now owns 8,911 shares of the cable giant's stock valued at $386,000 after buying an additional 1,520 shares in the last quarter. Finally, Duality Advisers LP bought a new position in shares of Comcast in the 1st quarter valued at about $436,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ:CMCSA traded up $2.58 during trading hours on Wednesday, reaching $45.14. The company had a trading volume of 31,070,187 shares, compared to its average volume of 19,729,793. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $174.80 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The business's 50 day moving average price is $41.00 and its 200-day moving average price is $39.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. Research analysts forecast that Comcast Co. will post 4.27 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.75%. Comcast's dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several analyst reports. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday. Macquarie reiterated a "neutral" rating and issued a $40.00 price target on shares of Comcast in a research report on Friday, November 1st. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $46.75.

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.