Two Sigma Advisers LP Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Two Sigma Advisers LP grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 733.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,600 shares of the cable giant's stock after purchasing an additional 372,800 shares during the quarter. Two Sigma Advisers LP's holdings in Comcast were worth $15,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter valued at $25,000. Roxbury Financial LLC bought a new position in Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter worth about $28,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter worth about $36,000. Finally, OFI Invest Asset Management bought a new position in Comcast during the 4th quarter worth about $37,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock traded up $0.46 during trading on Tuesday, reaching $34.98. The company had a trading volume of 3,856,082 shares, compared to its average volume of 21,894,753. The firm's 50-day simple moving average is $34.81 and its 200 day simple moving average is $36.89. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market capitalization of $130.60 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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

Comcast Announces Dividend

The firm 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.77%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Finally, KeyCorp decreased their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company 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 given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.10.

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.