E Fund Management Co. Ltd. Acquires 51,970 Shares of Comcast Corporation (NASDAQ:CMCSA)

E Fund Management Co. Ltd. boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 95.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,586 shares of the cable giant’s stock after purchasing an additional 51,970 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Comcast were worth $3,933,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. Capital World Investors boosted its stake in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Northern Trust Corp increased its stake in Comcast by 12.8% in the fourth quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant’s stock valued at $1,594,256,000 after acquiring an additional 4,819,443 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Comcast by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock worth $1,326,912,000 after purchasing an additional 4,991,891 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rothschild & Co Redburn reduced their price target on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Scotiabank boosted their target price on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. New Street Research reduced their price objective on Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. TD Cowen decreased their target price on Comcast from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Bernstein Bank cut their price target on Comcast from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $40.73.

Comcast Trading Up 2.2%

NASDAQ CMCSA opened at $32.10 on Wednesday. The company has a market cap of $118.52 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The business’s fifty day moving average is $34.44 and its 200 day moving average is $34.86.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business had revenue of $30.31 billion for the quarter, compared to analysts’ expectations of $29.81 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

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.