Ossiam Has $7.11 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Ossiam reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 7.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 189,516 shares of the cable giant’s stock after selling 16,331 shares during the quarter. Ossiam’s holdings in Comcast were worth $7,113,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC grew its position in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Comcast in the fourth quarter valued at $743,681,000. Bfsg LLC boosted its stake in 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 buying an additional 73,590 shares in the last quarter. Mission Wealth Management LP raised its stake in shares of Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after buying an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. boosted its position in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. KeyCorp cut their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Scotiabank lifted their target price on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Comcast Stock Performance

NASDAQ CMCSA opened at $33.96 on Friday. The firm has a market capitalization of $128.40 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The firm’s fifty day moving average price is $35.51 and its two-hundred day moving average price is $38.30. Comcast Co. has a 1 year low of $32.20 and a 1 year 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 announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed 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. 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 3.89%. Comcast’s dividend payout ratio is presently 31.81%.

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.