Obermeyer Wood Investment Counsel Lllp Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Obermeyer Wood Investment Counsel Lllp raised its position in Comcast Co. (NASDAQ:CMCSA) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 492,750 shares of the cable giant’s stock after purchasing an additional 3,016 shares during the period. Comcast accounts for approximately 1.5% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 25th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Comcast were worth $21,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Comcast during the 4th quarter worth $1,798,173,000. Moneta Group Investment Advisors LLC grew its position in shares of Comcast by 121,265.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after buying an additional 25,509,390 shares in the last quarter. Morgan Stanley grew its position in shares of Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after buying an additional 7,084,451 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after purchasing an additional 5,880,050 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Comcast by 535.8% during the first quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock worth $222,628,000 after acquiring an additional 4,007,100 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.6 %

NASDAQ CMCSA traded up $0.63 during mid-day trading on Thursday, reaching $39.62. 15,680,816 shares of the company’s stock traded hands, compared to its average volume of 20,616,016. The company has a market cap of $157.37 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a fifty day simple moving average of $41.89 and a 200-day simple moving average of $42.76. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, equities research analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities increased their price objective on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.18% of the company’s stock.

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.