Oppenheimer & Co. Inc. Acquires 11,526 Shares of Comcast Co. (NASDAQ:CMCSA)

Oppenheimer & Co. Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,593 shares of the cable giant’s stock after acquiring an additional 11,526 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Comcast were worth $7,866,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its position in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the last quarter. FMR LLC boosted its stake 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 purchasing an additional 6,062,658 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Comcast by 31.7% in the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after buying an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 buying an additional 1,717,762 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $35.39 on Friday. 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 firm’s 50-day moving average price is $36.37 and its 200-day moving average price is $39.49. The firm has a market capitalization of $133.81 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

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 return on equity of 19.98% and a net margin of 13.09%. Equities research analysts anticipate 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. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCSA. JPMorgan Chase & Co. reduced their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group decreased their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Citigroup cut their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.83.

About 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.