NFC Investments LLC Purchases Shares of 175,912 Comcast Co. (NASDAQ:CMCSA)

NFC Investments LLC acquired a new position in Comcast Co. (NASDAQ:CMCSAFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 175,912 shares of the cable giant’s stock, valued at approximately $7,714,000. Comcast comprises approximately 2.4% of NFC Investments LLC’s holdings, making the stock its 16th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Comcast during the 4th quarter valued at approximately $2,542,988,000. Envestnet Asset Management Inc. grew its stake in Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after purchasing an additional 2,861,358 shares during the period. Lord Abbett & CO. LLC raised its holdings in Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after purchasing an additional 1,907,973 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Comcast by 422.9% during the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after buying an additional 1,357,756 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Comcast by 35.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after buying an additional 1,227,469 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research reports. BNP Paribas reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Wells Fargo & Company cut their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.33.

View Our Latest Research Report on CMCSA

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.10 during midday trading on Friday, hitting $39.27. 13,733,368 shares of the company’s stock traded hands, compared to its average volume of 21,923,466. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $154.08 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The firm has a fifty day moving average of $40.63 and a 200 day moving average of $42.17. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. On average, analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.16%. Comcast’s payout ratio is currently 32.80%.

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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