Boussard & Gavaudan Investment Management LLP Invests $14.96 Million in Comcast Co. (NASDAQ:CMCSA)

Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 400,000 shares of the cable giant’s stock, valued at approximately $14,956,000. Comcast accounts for approximately 1.2% of Boussard & Gavaudan Investment Management LLP’s holdings, making the stock its 28th largest position.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. CreativeOne Wealth LLC grew its holdings in shares of Comcast by 226.0% in the third quarter. CreativeOne Wealth LLC now owns 37,391 shares of the cable giant’s stock worth $1,562,000 after purchasing an additional 25,921 shares during the last quarter. Providence Capital Advisors LLC boosted its position in Comcast by 3.5% during the 3rd quarter. Providence Capital Advisors LLC now owns 148,172 shares of the cable giant’s stock valued at $6,189,000 after buying an additional 5,000 shares during the period. Fiduciary Trust Co increased its position in shares of Comcast by 2.4% in the third quarter. Fiduciary Trust Co now owns 174,490 shares of the cable giant’s stock valued at $7,288,000 after acquiring an additional 4,140 shares during the period. Public Sector Pension Investment Board raised its stake 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 valued at $143,242,000 after acquiring an additional 2,885,370 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Comcast by 6.0% during the third 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 worth $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $37.37 on Friday. The firm has a market cap of $141.30 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business’s 50-day moving average price is $35.89 and its 200 day moving average price is $39.01. Comcast Co. has a 52-week low of $32.50 and a 52-week 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, beating 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%. On average, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.53%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. 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 note on Friday, January 31st. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

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.