Versor Investments LP Acquires Shares of 36,600 Comcast Co. (NASDAQ:CMCSA)

Versor Investments LP bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,600 shares of the cable giant’s stock, valued at approximately $1,374,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC raised its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the fourth quarter valued at about $28,000. Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the 3rd quarter valued at approximately $30,000. Finally, Dunhill Financial LLC increased its position in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark dropped their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. Finally, KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Down 2.1 %

NASDAQ CMCSA opened at $35.10 on Thursday. The company has a 50-day moving average of $36.41 and a 200-day moving average of $39.52. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a market cap of $132.71 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 1.00.

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%. As a group, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced 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 is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.76%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.