Value Partners Investments Inc. Buys Shares of 101,361 Comcast Corporation (NASDAQ:CMCSA)

Value Partners Investments Inc. bought a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 101,361 shares of the cable giant's stock, valued at approximately $3,744,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc. acquired a new position in shares of Comcast during the fourth quarter worth $743,681,000. Amundi increased its holdings in Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares during the last quarter. Capital World Investors raised its stake in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent analyst reports. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.37 during midday trading on Thursday, reaching $35.21. The stock had a trading volume of 15,953,947 shares, compared to its average volume of 21,984,272. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $131.46 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.70 and a beta of 0.95. The firm has a fifty day simple moving average of $34.55 and a two-hundred day simple moving average of $35.70. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter last year, the business earned $1.04 EPS. The business's revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

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.