FUKOKU MUTUAL LIFE INSURANCE Co Grows Position in Comcast Co. (NASDAQ:CMCSA)

FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,459 shares of the cable giant’s stock after acquiring an additional 1,471 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Comcast were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMCSA. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at $28,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter valued at $30,000. Finally, Dunhill Financial LLC grew its position in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barclays lowered their price target 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. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Down 2.1 %

Shares of Comcast stock opened at $35.10 on Thursday. 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 firm has a market cap of $132.71 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The business has a 50-day moving average price of $36.41 and a 200 day moving average price of $39.52.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts forecast 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.76%. Comcast’s dividend payout ratio is 31.81%.

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.