Comcast Co. (NASDAQ:CMCSA) Position Lifted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 54.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,991 shares of the cable giant’s stock after purchasing an additional 7,753 shares during the period. Fidelis Capital Partners LLC’s holdings in Comcast were worth $964,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Comcast during the fourth quarter valued at $1,798,173,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Comcast by 121,265.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after buying an additional 25,509,390 shares during the period. Morgan Stanley grew its position in shares of Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock worth $715,028,000 after acquiring an additional 5,880,050 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Comcast by 535.8% in the first quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock worth $222,628,000 after acquiring an additional 4,007,100 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Finally, Rosenblatt Securities raised their target price on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Comcast Stock Up 1.6 %

Shares of CMCSA traded up $0.63 during trading hours on Thursday, reaching $39.62. The company’s stock had a trading volume of 15,684,657 shares, compared to its average volume of 20,616,016. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $157.37 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a 50 day moving average of $41.89 and a two-hundred day moving average of $42.76. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. Comcast’s dividend payout ratio is 33.33%.

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.