Nomura Asset Management Co. Ltd. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,144,355 shares of the cable giant’s stock after buying an additional 32,219 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Comcast were worth $38,965,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acima Private Wealth LLC acquired a new position in Comcast during the fourth quarter worth $25,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Comcast during the fourth quarter worth $30,000. Ironwood Financial llc purchased a new stake in shares of Comcast during the fourth quarter worth $32,000. IMS Capital Management purchased a new stake in shares of Comcast during the third quarter worth $38,000. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in shares of Comcast during the fourth quarter worth $52,000. Institutional investors and hedge funds own 81.15% of the company’s stock.
Several research firms recently commented on CMCSA. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a report on Thursday. Nomura increased their target price on Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada lowered Comcast from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $45.00 to $42.00 in a report on Friday, March 29th. Macquarie upgraded shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research note on Tuesday, April 9th. Finally, ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and a consensus price target of $44.45.
Comcast stock traded down $0.14 during mid-day trading on Friday, reaching $42.43. The company had a trading volume of 13,959,321 shares, compared to its average volume of 14,530,851. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $42.83. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. The stock has a market cap of $197.07 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The company had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 2.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 32.94%.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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