692,311 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Fisher Funds Management LTD

Fisher Funds Management LTD purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 692,311 shares of the cable giant’s stock, valued at approximately $25,951,000.

Several other hedge funds have also recently bought and sold shares of the stock. 44 Wealth Management LLC grew its position in shares of Comcast by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 57,802 shares of the cable giant’s stock valued at $2,169,000 after purchasing an additional 634 shares during the last quarter. Cypress Capital LLC boosted its stake in Comcast by 2.8% in the 4th quarter. Cypress Capital LLC now owns 57,024 shares of the cable giant’s stock valued at $2,140,000 after purchasing an additional 1,539 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Comcast by 27.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 15,551 shares of the cable giant’s stock valued at $584,000 after buying an additional 3,362 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its position in Comcast by 9.3% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 165,988 shares of the cable giant’s stock worth $6,230,000 after buying an additional 14,157 shares during the period. Finally, Investment Management Associates Inc. ADV lifted its holdings in shares of Comcast by 1.2% during the fourth quarter. Investment Management Associates Inc. ADV now owns 221,933 shares of the cable giant’s stock worth $8,329,000 after buying an additional 2,696 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley dropped 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. Citigroup cut their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Barclays cut their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Trading Down 0.4 %

CMCSA opened at $36.26 on Friday. The firm has a market capitalization of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The company’s 50 day moving average price is $36.58 and its two-hundred day moving average price is $39.58. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced 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 return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 29.88%.

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.