Sava Infond d.o.o. Invests $120,000 in Comcast Co. (NASDAQ:CMCSA)

Sava Infond d.o.o. bought a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,200 shares of the cable giant’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its position in shares of Comcast by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Comcast by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after buying an additional 838,366 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after acquiring an additional 1,717,762 shares in the last quarter. Amundi increased its holdings in shares of Comcast by 147.9% in the 4th 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Comcast during the 4th quarter worth about $743,681,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $37.37 on Friday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. 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 firm’s 50-day simple moving average is $35.89 and its 200-day simple moving average is $39.01. The company has a market cap of $141.30 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.53%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Macquarie decreased their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup reduced their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

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.