Coleford Investment Management Ltd. Acquires New Holdings in Comcast Co. (NASDAQ:CMCSA)

Coleford Investment Management Ltd. bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel.com reports. The firm bought 376,399 shares of the cable giant’s stock, valued at approximately $14,126,000. Comcast makes up about 3.7% of Coleford Investment Management Ltd.’s holdings, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Comcast in the fourth quarter worth $3,835,226,000. Raymond James Financial Inc. purchased a new position in Comcast in the fourth quarter worth about $743,681,000. Amundi grew its stake in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. Finally, Dodge & Cox boosted its holdings in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after buying an additional 5,039,823 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 2.5 %

Shares of CMCSA opened at $33.55 on Thursday. The stock has a market capitalization of $126.85 billion, a PE ratio of 8.08, a P/E/G ratio of 1.78 and a beta of 0.94. The company’s fifty day moving average is $35.55 and its 200 day moving average is $38.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.93%. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. Scotiabank upped their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.