Oarsman Capital Inc. Purchases 1,312 Shares of Comcast Co. (NASDAQ:CMCSA)

Oarsman Capital Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,746 shares of the cable giant’s stock after buying an additional 1,312 shares during the quarter. Oarsman Capital Inc.’s holdings in Comcast were worth $929,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Comcast in the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC boosted its position in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after buying an additional 838,366 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Comcast by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 24,725,355 shares of the cable giant’s stock valued at $927,943,000 after acquiring an additional 158,639 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 6.6 %

Shares of NASDAQ CMCSA opened at $33.38 on Friday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The stock has a market capitalization of $126.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50-day moving average price of $35.76 and a 200-day moving average price of $38.87.

Comcast (NASDAQ:CMCSA) last posted its 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 forecast that Comcast Co. will post 4.33 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. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMCSA. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Morgan Stanley lowered their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities dropped their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Finally, Citigroup reduced their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Ten equities 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

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.