Invesco Ltd. Has $1.70 Billion Position in Comcast Co. (NASDAQ:CMCSA)

Invesco Ltd. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 45,175,969 shares of the cable giant’s stock after buying an additional 4,669,069 shares during the quarter. Invesco Ltd.’s holdings in Comcast were worth $1,695,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter worth about $28,000. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $33.38 on Monday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The stock has a market capitalization of $126.21 billion, a PE ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. 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 has a 50 day moving average of $35.76 and a two-hundred day moving average of $38.87.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS 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 predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.95%. Comcast’s dividend payout ratio is currently 31.81%.

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. Morgan Stanley cut their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Barclays decreased their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research report on Friday, January 31st. Finally, UBS Group lowered their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

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.