Fisher Asset Management LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Fisher Asset Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,449 shares of the cable giant’s stock after purchasing an additional 681 shares during the quarter. Fisher Asset Management LLC’s holdings in Comcast were worth $2,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC increased its position in Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares in the last quarter. Bfsg LLC boosted its stake in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Robinson Value Management Ltd. increased its stake in Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after buying an additional 22,684 shares in the last quarter. Finally, Private Management Group Inc. increased its holdings in shares of Comcast by 3.0% in the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after purchasing an additional 24,827 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 0.2 %

Comcast stock opened at $35.56 on Thursday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm’s 50 day moving average price is $36.17 and its 200-day moving average price is $39.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $134.45 billion, a P/E ratio of 8.57, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.71%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Benchmark dropped their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. Finally, Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

About Comcast

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.