GF Fund Management CO. LTD. Buys Shares of 723,425 Comcast Co. (NASDAQ:CMCSA)

GF Fund Management CO. LTD. acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 723,425 shares of the cable giant's stock, valued at approximately $27,150,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Comcast during the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast during the 4th quarter valued at about $743,681,000. Amundi increased its position in Comcast by 147.9% during the 4th 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 in the last quarter. Capital World Investors increased its position in Comcast by 8.6% during 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 buying an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. increased 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 valued at $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Scotiabank restated a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays reduced their target price 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. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

CMCSA traded up $0.43 during trading on Tuesday, hitting $34.95. The company's stock had a trading volume of 22,017,079 shares, compared to its average volume of 21,963,748. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a market capitalization of $130.49 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.78 and a beta of 0.97. The business's fifty day simple moving average is $34.81 and its 200 day simple moving average is $36.89.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly 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 return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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 given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.78%. Comcast's payout ratio is 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.