O Shaughnessy Asset Management LLC Has $68.25 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

O Shaughnessy Asset Management LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,818,432 shares of the cable giant’s stock after selling 97,115 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Comcast were worth $68,246,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMCSA. Financial Counselors Inc. grew its holdings in Comcast by 3.1% in the 3rd quarter. Financial Counselors Inc. now owns 45,328 shares of the cable giant’s stock valued at $1,893,000 after buying an additional 1,354 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of Comcast by 3.5% in the third quarter. Fred Alger Management LLC now owns 134,166 shares of the cable giant’s stock valued at $5,604,000 after acquiring an additional 4,586 shares during the period. Encompass More Asset Management grew its stake in shares of Comcast by 5.0% in the third quarter. Encompass More Asset Management now owns 8,748 shares of the cable giant’s stock valued at $365,000 after acquiring an additional 414 shares in the last quarter. ARGA Investment Management LP increased its position in Comcast by 45.7% during the third quarter. ARGA Investment Management LP now owns 260,458 shares of the cable giant’s stock worth $10,879,000 after acquiring an additional 81,636 shares during the period. Finally, Semmax Financial Advisors Inc. raised its stake in Comcast by 1.1% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 140,357 shares of the cable giant’s stock worth $6,181,000 after purchasing an additional 1,545 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Friday, January 31st. Finally, UBS Group reduced their price objective on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Price Performance

Comcast stock opened at $36.62 on Friday. The company has a market capitalization of $138.46 billion, a PE ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $38.99. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.60%. Comcast’s payout ratio is currently 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.