Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,722,885 shares of the cable giant’s stock after acquiring an additional 164,185 shares during the quarter. Sei Investments Co.’s holdings in Comcast were worth $102,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors LLC increased its position in Comcast by 904.0% in 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 during the period. Raymond James Financial Inc. acquired a new stake in Comcast in the fourth quarter worth $743,681,000. Bfsg LLC increased its position in Comcast by 752.8% in 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 during the period. Mission Wealth Management LP increased its position in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after buying an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. increased its position in Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after buying an additional 59,107 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Benchmark dropped their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their price target 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. Nine 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Trading Up 0.7 %

Shares of NASDAQ CMCSA opened at $36.75 on Friday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. 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 business has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $39.07.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently announced 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 3.59%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 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.