Capital World Investors lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 20.8% during the fourth quarter, HoldingsChannel reports. The firm owned 140,343,399 shares of the cable giant’s stock after purchasing an additional 24,166,881 shares during the quarter. Capital World Investors’ holdings in Comcast were worth $4,194,929,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CMCSA. Norges Bank acquired a new position in shares of Comcast during the fourth quarter worth $2,498,626,000. Capital Research Global Investors lifted its position in shares of Comcast by 65.1% during the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after purchasing an additional 21,958,603 shares in the last quarter. State Street Corp lifted its position in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Comcast by 2,970.5% during the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Comcast by 1,356.2% during the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after purchasing an additional 6,105,867 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Trading Up 2.1%
CMCSA opened at $23.82 on Friday. The stock has a market capitalization of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.67. The firm’s fifty day moving average price is $26.77 and its 200 day moving average price is $28.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66.
Comcast Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s payout ratio is presently 25.98%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Rosenblatt Securities reduced their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. BNP Paribas Exane cut their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.56.
Read Our Latest Stock Report on Comcast
Comcast Company Profile
Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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