PKO Investment Management Joint Stock Co Buys Shares of 24,239 Comcast Corporation (NASDAQ:CMCSA)

PKO Investment Management Joint Stock Co acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 24,239 shares of the cable giant's stock, valued at approximately $894,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Comcast in the fourth quarter valued at about $743,681,000. Bfsg LLC grew its position in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Mission Wealth Management LP raised its stake in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after purchasing an additional 3,344 shares during the period. Aviva PLC lifted its holdings in Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after purchasing an additional 156,986 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Barclays decreased 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 note on Monday, April 28th. Oppenheimer decreased their target price 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 note on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Up 0.8%

Comcast stock traded up $0.27 during midday trading on Friday, reaching $34.53. The stock had a trading volume of 42,690,027 shares, compared to its average volume of 22,076,348. 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 firm has a market cap of $128.92 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a fifty day moving average of $34.49 and a 200 day moving average of $35.92.

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, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid 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 yield of 3.82%. Comcast's dividend payout ratio is currently 32.43%.

Comcast Company 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.