Securian Asset Management Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,152 shares of the cable giant's stock after selling 8,507 shares during the quarter. Securian Asset Management Inc.'s holdings in Comcast were worth $7,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in CMCSA. World Investment Advisors LLC boosted its position in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock worth $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Bfsg LLC boosted its holdings in shares of Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Comcast during the 4th quarter valued at about $743,681,000. Mission Wealth Management LP raised its position in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. raised its position in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after acquiring an additional 59,107 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on CMCSA shares. BNP Paribas raised 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. Morgan Stanley lowered their price objective on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Evercore ISI raised Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Finally, Macquarie dropped their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $43.83.
Read Our Latest Stock Report on CMCSA
Comcast Stock Down 0.4 %
CMCSA stock opened at $35.95 on Wednesday. The firm has a market cap of $135.93 billion, a PE ratio of 8.66, a PEG ratio of 1.78 and a beta of 1.00. 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 firm's 50 day moving average price is $36.07 and its 200-day moving average price is $39.29. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its 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 anticipate that Comcast Co. will post 4.33 EPS 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 given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Comcast's payout ratio is 31.81%.
Comcast Profile
(
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.
See Also
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA - Free Report).
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