Korea Investment CORP Has $105.49 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Korea Investment CORP increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 57.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,810,878 shares of the cable giant’s stock after purchasing an additional 1,023,396 shares during the period. Korea Investment CORP’s holdings in Comcast were worth $105,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Raymond James Financial Inc. bought a new stake in Comcast during the 4th quarter worth approximately $743,681,000. Amundi boosted its position in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings 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 buying an additional 8,258,128 shares in the last quarter. Public Sector Pension Investment Board raised its position in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after buying an additional 2,885,370 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Comcast by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after acquiring an additional 2,270,186 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $37.37 on Thursday. The firm’s 50 day moving average is $35.87 and its 200 day moving average is $39.02. The stock has a market capitalization of $141.30 billion, a P/E ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. 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 (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS 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%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. 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. Comcast’s payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Rosenblatt Securities reduced their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Ten equities 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.