Mitsubishi UFJ Asset Management Co. Ltd. Buys 426,874 Shares of Comcast Co. (NASDAQ:CMCSA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,525,452 shares of the cable giant’s stock after buying an additional 426,874 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Comcast were worth $245,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. Korea Investment CORP raised its holdings in shares of Comcast by 57.3% during the fourth quarter. Korea Investment CORP now owns 2,810,878 shares of the cable giant’s stock valued at $105,492,000 after purchasing an additional 1,023,396 shares during the last quarter. Tyler Stone Wealth Management increased its position in shares of Comcast by 23.5% during the 4th quarter. Tyler Stone Wealth Management now owns 6,447 shares of the cable giant’s stock valued at $242,000 after purchasing an additional 1,225 shares during the last quarter. Heritage Wealth Advisors lifted its stake in shares of Comcast by 7.9% in the 4th quarter. Heritage Wealth Advisors now owns 1,200,136 shares of the cable giant’s stock worth $45,041,000 after purchasing an additional 87,941 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in shares of Comcast by 64.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 17,673 shares of the cable giant’s stock worth $663,000 after buying an additional 6,911 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. increased its position in Comcast by 271.7% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 36,807 shares of the cable giant’s stock worth $1,381,000 after buying an additional 26,904 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CMCSA shares. JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Barclays reduced their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Stock Up 1.2 %

Shares of Comcast stock opened at $37.37 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $141.30 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00. The firm’s 50-day moving average is $35.87 and its two-hundred day moving average is $39.02. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

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

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is presently 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.