177,380 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 177,380 shares of the cable giant’s stock, valued at approximately $6,657,000.

Several other hedge funds also recently made changes to their positions in CMCSA. McIlrath & Eck LLC boosted its holdings in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after buying an additional 282 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after acquiring an additional 291 shares during the last quarter. Five Oceans Advisors lifted its holdings in shares of Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after purchasing an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCSA shares. UBS Group cut their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Benchmark lowered their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Stock Up 1.2 %

Shares of Comcast stock opened at $37.37 on Thursday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock has a market capitalization of $141.30 billion, a P/E ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average price of $35.87 and a two-hundred day moving average price of $39.02.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

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.