Factory Mutual Insurance Co. Buys 103,200 Shares of Comcast Co. (NASDAQ:CMCSA)

Factory Mutual Insurance Co. increased its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,095,000 shares of the cable giant’s stock after buying an additional 103,200 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Comcast were worth $48,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter valued at $1,798,173,000. Moneta Group Investment Advisors LLC increased its stake in shares of Comcast by 121,265.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after buying an additional 25,509,390 shares during the period. Morgan Stanley increased its stake in shares of Comcast by 15.2% in the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock worth $715,028,000 after acquiring an additional 5,880,050 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Comcast by 229.6% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,369,912 shares of the cable giant’s stock worth $264,670,000 after acquiring an additional 4,437,276 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore ISI reiterated an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Citigroup boosted their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Pivotal Research boosted their price target on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Company upped their target price on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.68.

Check Out Our Latest Research Report on CMCSA

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Comcast Trading Down 0.6 %

Shares of NASDAQ CMCSA traded down $0.23 during midday trading on Wednesday, hitting $41.58. 2,698,588 shares of the company traded hands, compared to its average volume of 19,915,385. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50-day moving average price of $43.04 and a 200 day moving average price of $43.13. The firm has a market cap of $165.15 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. As a group, analysts expect that Comcast Co. will post 4.25 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 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This is a boost from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.98%. Comcast’s dividend payout ratio is presently 31.18%.

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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