BI Asset Management Fondsmaeglerselskab A S Purchases 409,918 Shares of Comcast Co. (NASDAQ:CMCSA)

BI Asset Management Fondsmaeglerselskab A S boosted its position in Comcast Co. (NASDAQ:CMCSA) by 82.1% in the fourth quarter, HoldingsChannel reports. The firm owned 909,507 shares of the cable giant’s stock after buying an additional 409,918 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comcast were worth $34,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in Comcast in the fourth quarter worth about $25,000. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter valued at approximately $28,000. Finally, OFI Invest Asset Management bought a new position in Comcast during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup dropped their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Scotiabank lifted their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 8th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Finally, Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $33.96 on Friday. 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 stock has a market cap of $128.40 billion, a PE ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31. The company’s fifty day moving average is $35.51 and its 200 day moving average is $38.32.

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 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%. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share 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 issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. This is a boost 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%.

Comcast 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.