Alps Advisors Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,363 shares of the cable giant’s stock after purchasing an additional 1,364 shares during the period. Alps Advisors Inc.’s holdings in Comcast were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in CMCSA. Convergence Investment Partners LLC grew its position in shares of Comcast by 32.1% in the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after acquiring an additional 25,508 shares during the period. Quinn Opportunity Partners LLC grew its position in shares of Comcast by 97.6% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock valued at $1,892,000 after acquiring an additional 24,000 shares during the period. HPM Partners LLC grew its position in shares of Comcast by 16.1% in the 2nd quarter. HPM Partners LLC now owns 41,656 shares of the cable giant’s stock valued at $1,621,000 after acquiring an additional 5,775 shares during the period. Elkhorn Investments LLC grew its position in shares of Comcast by 10.4% in the 2nd quarter. Elkhorn Investments LLC now owns 34,702 shares of the cable giant’s stock valued at $1,374,000 after acquiring an additional 3,273 shares during the period. Finally, Swiss National Bank grew its position in shares of Comcast by 0.9% in the 3rd quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after acquiring an additional 162,000 shares during the period. 83.59% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on CMCSA. Pivotal Research reaffirmed a “buy” rating and set a $113.00 target price on shares of Comcast in a report on Wednesday, February 28th. Macquarie downgraded shares of Comcast from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. BidaskClub downgraded shares of Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Guggenheim lifted their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, SunTrust Banks lifted their target price on shares of Comcast to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.39.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $36.96 on Tuesday. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The firm has a market cap of $171,660.00, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter in the previous year, the company earned $0.89 EPS. The business’s revenue was up 4.2% on a year-over-year basis. equities analysts expect that Comcast Co. will post 2.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. Comcast’s payout ratio is presently 30.00%.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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