Neo Ivy Capital Management Purchases New Shares in Comcast Co. (NASDAQ:CMCSA)

Neo Ivy Capital Management acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 219,024 shares of the cable giant's stock, valued at approximately $8,219,000. Comcast accounts for approximately 1.7% of Neo Ivy Capital Management's portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Capital World Investors lifted its stake in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Norges Bank bought a new position in shares of Comcast during the 4th quarter worth about $3,835,226,000. Geode Capital Management LLC raised its position in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox lifted its stake in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. Oppenheimer reduced their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 0.4%

CMCSA stock traded down $0.13 during midday trading on Wednesday, hitting $34.83. The company's stock had a trading volume of 7,011,349 shares, compared to its average volume of 21,905,672. The company's fifty day moving average price is $34.78 and its 200 day moving average price is $36.87. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $130.03 billion, a P/E ratio of 8.39, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. As a group, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.79%. Comcast's payout ratio is 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.