Oppenheimer & Co. Inc. Raises Position in Comcast Co. (NASDAQ:CMCSA)

Oppenheimer & Co. Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 209,593 shares of the cable giant’s stock after buying an additional 11,526 shares during the period. Oppenheimer & Co. Inc.’s holdings in Comcast were worth $7,866,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CMCSA. World Investment Advisors LLC increased its stake in Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the last quarter. Bfsg LLC grew its holdings in shares of Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Robinson Value Management Ltd. increased its position in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares during the last quarter. Tidal Investments LLC lifted its holdings in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after acquiring an additional 22,684 shares during the period. Finally, Private Management Group Inc. boosted its position in Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after purchasing an additional 24,827 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.8 %

Shares of CMCSA opened at $35.39 on Friday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The stock has a market cap of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.78 and a beta of 1.00. 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 business’s 50-day moving average price is $36.37 and its 200-day moving average price is $39.49.

Comcast (NASDAQ:CMCSA) last posted its earnings results 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%. On average, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed 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 dividend yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on 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 lowered 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. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. Finally, BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, January 31st. Nine research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.