Capital Group Private Client Services Inc. Has $56.33 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Group Private Client Services Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,500,897 shares of the cable giant's stock after selling 84,188 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Comcast were worth $56,329,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Comcast in the 4th quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. bought a new stake in Comcast during the fourth quarter valued at $743,681,000. Amundi raised its holdings in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after buying an additional 8,258,128 shares during the last quarter. Finally, Dodge & Cox boosted its holdings in shares of Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Comcast stock traded up $0.42 during midday trading on Wednesday, hitting $34.62. The company's stock had a trading volume of 12,193,071 shares, compared to its average volume of 21,700,656. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. 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 company has a market capitalization of $130.90 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock's 50-day moving average price is $35.46 and its 200-day moving average price is $38.20.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.81%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. UBS Group cut their target price 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. Loop Capital cut their price target on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Benchmark dropped their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $42.50.

About Comcast

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.