Horizon Investments LLC Has $2.89 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Horizon Investments LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 77,561 shares of the cable giant’s stock after buying an additional 1,582 shares during the quarter. Horizon Investments LLC’s holdings in Comcast were worth $2,887,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its position in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. First Eagle Investment Management LLC increased its position in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares during the period. Charles Schwab Investment Management Inc. increased its position in Comcast by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after acquiring an additional 838,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. Finally, Amundi increased its position in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Benchmark lowered their price target 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. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Up 0.7 %

NASDAQ:CMCSA opened at $36.01 on Wednesday. The firm’s 50 day simple moving average is $35.86 and its 200 day simple moving average is $39.14. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company has a market cap of $136.15 billion, a PE ratio of 8.68, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its 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, research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.67%. Comcast’s dividend payout ratio (DPR) 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.