Adage Capital Partners GP L.L.C. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,468,859 shares of the cable giant's stock after purchasing an additional 77,500 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Comcast worth $130,186,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC boosted its stake in shares of Comcast by 5.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 63,695 shares of the cable giant's stock valued at $2,382,000 after purchasing an additional 3,273 shares during the last quarter. MGO One Seven LLC grew its position in Comcast by 6.7% during the fourth quarter. MGO One Seven LLC now owns 120,233 shares of the cable giant's stock worth $4,512,000 after buying an additional 7,594 shares in the last quarter. Quantessence Capital LLC acquired a new stake in Comcast during the fourth quarter worth about $692,000. Alta Advisers Ltd boosted its position in shares of Comcast by 7.3% during the 4th quarter. Alta Advisers Ltd now owns 12,657 shares of the cable giant's stock worth $475,000 after acquiring an additional 857 shares in the last quarter. Finally, Harvest Investment Services LLC acquired a new position in Comcast during the fourth quarter valued at approximately $280,000. Institutional investors own 84.32% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CMCSA. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday. Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.88.
View Our Latest Research Report on CMCSA
Comcast Trading Down 0.6 %
Shares of NASDAQ:CMCSA traded down $0.19 during midday trading on Monday, reaching $33.71. The company's stock had a trading volume of 10,715,235 shares, compared to its average volume of 21,777,124. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $127.45 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The business has a 50 day moving average price of $35.35 and a 200 day moving average price of $38.03.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the company posted $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.
Comcast Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is currently 32.43%.
About Comcast
(
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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