Royal London Asset Management Ltd. raised its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,165,713 shares of the cable giant's stock after buying an additional 14,590 shares during the quarter. Royal London Asset Management Ltd. owned 0.06% of Comcast worth $81,279,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CMCSA. FMR LLC raised its stake in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Comcast by 7.1% during 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 acquiring an additional 2,270,186 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after purchasing 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% in 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 valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. Finally, Amundi increased its stake in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ CMCSA opened at $36.09 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $35.84 and a two-hundred day simple moving average of $39.11. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The firm has a market cap of $136.46 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.66%. Comcast's dividend payout ratio (DPR) is 31.81%.
A number of research analysts have weighed in on the stock. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and cut their target price for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Evercore ISI raised Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley cut their price objective on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Nine 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.83.
Check Out Our Latest Report on 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.
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