Price T Rowe Associates Inc. MD Has $1.64 Billion Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Price T Rowe Associates Inc. MD reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,790,404 shares of the cable giant's stock after selling 2,212,736 shares during the period. Price T Rowe Associates Inc. MD owned 1.16% of Comcast worth $1,643,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Norges Bank acquired a new position in Comcast in the 4th quarter worth $3,835,226,000. Raymond James Financial Inc. bought a new stake in Comcast in the 4th quarter valued at approximately $743,681,000. Amundi grew its stake in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Capital World Investors grew its stake in shares of Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.21 during midday trading on Monday, reaching $33.70. The company's stock had a trading volume of 7,996,402 shares, compared to its average volume of 21,766,155. 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 company has a market cap of $127.40 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.78 and a beta of 0.94. The business's 50 day moving average price is $35.35 and its two-hundred day moving average price is $38.03. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its 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 firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the company posted $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were issued a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.92%. The ex-dividend date was Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several analyst reports. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. UBS Group lowered their price target on Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group cut their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.88.

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.