Comcast Co. (NASDAQ:CMCSA) Shares Bought by TCW Group Inc.

TCW Group Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,535,858 shares of the cable giant’s stock after buying an additional 38,031 shares during the period. TCW Group Inc.’s holdings in Comcast were worth $67,365,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMCSA. WealthPlan Investment Management LLC raised its holdings in Comcast by 437.0% during the third quarter. WealthPlan Investment Management LLC now owns 8,495 shares of the cable giant’s stock worth $377,000 after purchasing an additional 6,913 shares in the last quarter. Larson Financial Group LLC grew its position in Comcast by 38.1% in the third quarter. Larson Financial Group LLC now owns 7,372 shares of the cable giant’s stock worth $327,000 after buying an additional 2,034 shares during the last quarter. NewSquare Capital LLC grew its position in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the last quarter. Q3 Asset Management acquired a new position in Comcast in the third quarter worth approximately $1,968,000. Finally, NBC Securities Inc. purchased a new position in Comcast during the 3rd quarter worth approximately $5,077,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CMCSA shares. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Finally, Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.33.

Comcast Price Performance

Shares of CMCSA traded down $0.21 during trading hours on Thursday, hitting $38.68. 16,080,325 shares of the stock were exchanged, compared to its average volume of 20,581,852. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a market cap of $151.77 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The stock’s 50-day moving average price is $40.37 and its two-hundred day moving average price is $42.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. Research analysts expect that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

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.