Comcast Co. (NASDAQ:CMCSA) Stock Position Lifted by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,615 shares of the cable giant's stock after purchasing an additional 33,524 shares during the period. Cardinal Capital Management Inc.'s holdings in Comcast were worth $25,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors lifted its stake in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new position in Comcast during the 4th quarter worth approximately $3,835,226,000. Geode Capital Management LLC lifted its position in Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Dodge & Cox lifted its position in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position 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 acquiring an additional 5,402,377 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays reduced their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group set a $44.50 price target on Comcast in a research report on Friday, April 25th. Finally, Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.44 during trading on Wednesday, reaching $35.18. The stock had a trading volume of 19,012,629 shares, compared to its average volume of 22,078,965. 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 $131.35 billion, a PE ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 0.95. The firm's 50 day moving average price is $34.35 and its two-hundred day moving average price is $36.26.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the business earned $1.04 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.75%. Comcast's payout ratio is currently 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.