Ilmarinen Mutual Pension Insurance Co Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 31.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 465,000 shares of the cable giant’s stock after purchasing an additional 111,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Comcast were worth $17,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Promus Capital LLC purchased a new stake in Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at approximately $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Comcast Stock Performance

Shares of Comcast stock opened at $33.38 on Friday. The business’s fifty day simple moving average is $35.76 and its 200-day simple moving average is $38.87. 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 firm has a market cap of $126.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results 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 net margin of 13.09% and a return on equity of 19.98%. Equities analysts forecast 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.95%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 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.