76,897 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by 111 Capital

111 Capital bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 76,897 shares of the cable giant's stock, valued at approximately $2,886,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Comcast by 14.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 71,939 shares of the cable giant's stock worth $2,700,000 after purchasing an additional 9,136 shares during the period. Blue Trust Inc. increased its stake in shares of Comcast by 12.7% in the fourth quarter. Blue Trust Inc. now owns 51,705 shares of the cable giant's stock worth $1,940,000 after purchasing an additional 5,814 shares in the last quarter. Apexium Financial LP increased its stake in shares of Comcast by 47.2% in the fourth quarter. Apexium Financial LP now owns 13,627 shares of the cable giant's stock worth $511,000 after purchasing an additional 4,371 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Comcast in the fourth quarter valued at approximately $859,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CMCSA shares. Barclays cut their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Finally, Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

CMCSA traded up $0.30 during trading on Friday, reaching $34.58. The stock had a trading volume of 31,652,126 shares, compared to its average volume of 21,984,750. The business has a 50-day moving average of $34.64 and a 200-day moving average of $36.63. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $129.11 billion, a PE ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.