Natixis Advisors LLC Has $113.34 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Natixis Advisors LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,019,859 shares of the cable giant’s stock after selling 15,946 shares during the quarter. Natixis Advisors LLC’s holdings in Comcast were worth $113,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Aigen Investment Management LP bought a new position in Comcast in the 3rd quarter valued at $430,000. KBC Group NV raised its position in shares of Comcast by 4.6% during the third quarter. KBC Group NV now owns 1,158,063 shares of the cable giant’s stock worth $48,372,000 after acquiring an additional 50,583 shares during the last quarter. Curi RMB Capital LLC raised its position in shares of Comcast by 6.0% during the third quarter. Curi RMB Capital LLC now owns 224,917 shares of the cable giant’s stock worth $9,395,000 after acquiring an additional 12,766 shares during the last quarter. Oak Harbor Wealth Partners LLC raised its position in shares of Comcast by 9.6% during the third quarter. Oak Harbor Wealth Partners LLC now owns 44,232 shares of the cable giant’s stock worth $1,848,000 after acquiring an additional 3,865 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of Comcast by 0.8% during the third quarter. OneDigital Investment Advisors LLC now owns 84,230 shares of the cable giant’s stock worth $3,518,000 after acquiring an additional 655 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMCSA. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on Comcast in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Up 2.1 %

Shares of NASDAQ:CMCSA opened at $35.43 on Friday. The company has a market capitalization of $133.96 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. 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 business’s 50 day simple moving average is $35.92 and its 200 day simple moving average is $39.20.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 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.