Sandy Spring Bank decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 47.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,480 shares of the cable giant's stock after selling 32,369 shares during the period. Sandy Spring Bank's holdings in Comcast were worth $1,332,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. First Eagle Investment Management LLC raised its stake in 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 valued at $1,279,813,000 after buying an additional 2,270,186 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Comcast by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after acquiring an additional 838,366 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares during the last quarter. Finally, 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 last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Upgrades and Downgrades
CMCSA has been the topic of several research reports. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and cut their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.64.
Check Out Our Latest Stock Report on Comcast
Comcast Trading Up 0.9 %
Comcast stock traded up $0.34 during trading on Tuesday, reaching $36.94. 31,434,026 shares of the company were exchanged, compared to its average volume of 19,829,573. 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 stock's 50 day simple moving average is $35.84 and its two-hundred day simple moving average is $39.05. The company has a market capitalization of $139.67 billion, a P/E ratio of 8.90, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Increases Dividend
The firm also recently declared 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 3.57%. 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. Comcast's dividend payout ratio is 31.81%.
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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