Capital International Inc. CA Acquires 290,617 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital International Inc. CA increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,057,986 shares of the cable giant’s stock after purchasing an additional 290,617 shares during the quarter. Capital International Inc. CA’s holdings in Comcast were worth $39,706,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its stake 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 valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth $28,000. Finally, Noble Wealth Management PBC bought a new position in Comcast during the 4th quarter valued at $38,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $33.96 on Friday. The firm has a market cap of $128.40 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94. The company has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $38.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced 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 return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.89%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMCSA. UBS Group cut their price target on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Barclays decreased their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.50.

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.