Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 225.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,185 shares of the cable giant’s stock after buying an additional 149,772 shares during the quarter. Meeder Asset Management Inc.’s holdings in Comcast were worth $8,113,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. World Investment Advisors LLC raised its holdings in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at about $743,681,000. Bfsg LLC lifted its position in shares of Comcast by 752.8% during the fourth 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 during the last quarter. Mission Wealth Management LP grew its stake in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. increased its holdings in Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after buying an additional 59,107 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 2.0 %

Comcast stock opened at $36.62 on Monday. The firm has a market cap of $138.46 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm’s 50 day moving average price is $35.89 and its two-hundred day moving average price is $38.99. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced 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 predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.60%. 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 31.81%.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Barclays dropped 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. Macquarie decreased their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.64.

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.