E. Ohman J or Asset Management AB Acquires 16,700 Shares of Comcast Co. (NASDAQ:CMCSA)

E. Ohman J or Asset Management AB increased its position in Comcast Co. (NASDAQ:CMCSA) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 176,800 shares of the cable giant’s stock after acquiring an additional 16,700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Comcast were worth $6,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. AMF Tjanstepension AB raised its holdings in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after acquiring an additional 132,442 shares during the period. Czech National Bank raised its stake in Comcast by 5.5% during the third quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after purchasing an additional 41,061 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Comcast by 41.9% in the 3rd quarter. GAMMA Investing LLC now owns 55,912 shares of the cable giant’s stock worth $2,335,000 after buying an additional 16,507 shares in the last quarter. Diversified Trust Co raised its position in Comcast by 16.7% during the third quarter. Diversified Trust Co now owns 208,262 shares of the cable giant’s stock valued at $8,699,000 after purchasing an additional 29,730 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in Comcast by 6.1% during the third quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock worth $337,000 after buying an additional 466 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Trading Down 1.4 %

CMCSA stock opened at $33.19 on Tuesday. The business’s 50-day moving average is $38.61 and its 200 day moving average is $40.07. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.38. The stock has a market cap of $127.00 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.23 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, sell-side analysts anticipate that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. 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 dividend on an annualized basis and a yield of 3.98%. Comcast’s payout ratio is 29.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. 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 report on Friday. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $48.00 to $44.50 in a report on Monday. Finally, The Goldman Sachs Group lowered their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast 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.