BI Asset Management Fondsmaeglerselskab A S Buys 409,918 Shares of Comcast Co. (NASDAQ:CMCSA)

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 82.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 909,507 shares of the cable giant’s stock after buying an additional 409,918 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comcast were worth $34,134,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Comcast in the fourth quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. bought a new position in Comcast in the 4th quarter valued at about $743,681,000. Amundi lifted its holdings in shares of Comcast by 147.9% during the 4th 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. Capital World Investors increased its stake in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. UBS Group dropped their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Barclays dropped their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, KeyCorp decreased their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Comcast Trading Up 1.2 %

CMCSA opened at $33.96 on Friday. The company has a market cap of $128.40 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a fifty day moving average price of $35.51 and a two-hundred day moving average price of $38.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Comcast 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.