Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its position in Comcast Co. (NASDAQ:CMCSA) by 11.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,153,957 shares of the cable giant’s stock after acquiring an additional 121,113 shares during the period. Cibc World Markets Corp’s holdings in Comcast were worth $43,308,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its holdings in 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 acquiring an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $35.43 on Monday. 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 52-week low of $32.50 and a 52-week high of $45.31. The stock’s 50 day moving average is $35.92 and its two-hundred day moving average is $39.19. The company has a market capitalization of $133.96 billion, a PE ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMCSA. JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Barclays cut their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.