Roberts Glore & Co. Inc. IL Grows Position in Comcast Co. (NASDAQ:CMCSA)

Roberts Glore & Co. Inc. IL grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,782 shares of the cable giant’s stock after purchasing an additional 426 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Comcast were worth $705,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Comcast in the fourth quarter valued at $743,681,000. Amundi raised its holdings in Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. FMR LLC raised its holdings in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CMCSA shares. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Barclays cut their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Up 3.6 %

CMCSA stock opened at $37.59 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. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $39.35. The stock has a market cap of $142.13 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 net margin of 13.09% and a return on equity of 19.98%. As a group, 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. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. 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. Comcast’s dividend 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.