Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,051 shares of the cable giant’s stock after buying an additional 356 shares during the period. Cohen & Steers Inc.’s holdings in Comcast were worth $265,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SageView Advisory Group LLC grew its position in Comcast by 15.1% in the 4th quarter. SageView Advisory Group LLC now owns 37,900 shares of the cable giant’s stock valued at $1,422,000 after buying an additional 4,985 shares during the last quarter. Taurus Asset Management LLC lifted its stake in shares of Comcast by 4.4% in the 4th quarter. Taurus Asset Management LLC now owns 9,525 shares of the cable giant’s stock worth $357,000 after acquiring an additional 400 shares during the period. Savvy Advisors Inc. boosted its holdings in shares of Comcast by 15.0% in the fourth quarter. Savvy Advisors Inc. now owns 9,086 shares of the cable giant’s stock valued at $341,000 after acquiring an additional 1,183 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Comcast by 2.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 158,716 shares of the cable giant’s stock worth $5,957,000 after acquiring an additional 3,266 shares during the period. Finally, Hudson Portfolio Management LLC raised its holdings in Comcast by 7.6% during the fourth quarter. Hudson Portfolio Management LLC now owns 39,510 shares of the cable giant’s stock worth $1,483,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Scotiabank increased their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Finally, Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Comcast Trading Up 0.7 %

Comcast stock opened at $34.40 on Wednesday. The stock has a 50-day moving average price of $35.56 and a 200 day moving average price of $38.46. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31. The stock has a market cap of $130.07 billion, a PE ratio of 8.29, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS 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%. Equities research analysts predict 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. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 31.81%.

Comcast Company 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.