Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,695,517 shares of the cable giant's stock after buying an additional 775,826 shares during the period. Russell Investments Group Ltd. owned 0.15% of Comcast worth $213,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Comcast during the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast in the 4th quarter worth about $743,681,000. Amundi boosted its position in shares of Comcast by 147.9% during the fourth 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 during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Comcast by 55,334.5% during the third 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 period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Comcast by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $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.

Comcast Stock Down 4.1 %

NASDAQ:CMCSA traded down $1.44 during mid-day trading on Thursday, hitting $33.74. 17,406,592 shares of the company's stock traded hands, compared to its average volume of 21,675,963. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $127.57 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a fifty day moving average of $35.55 and a 200 day moving average of $38.66. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 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%. On average, analysts forecast that Comcast Co. will post 4.33 EPS 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 issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. Comcast's payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent analyst reports. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday. UBS Group decreased their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $42.90.

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.