Tocqueville Asset Management L.P. Has $15.11 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Tocqueville Asset Management L.P. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,561 shares of the cable giant’s stock after purchasing an additional 9,662 shares during the period. Tocqueville Asset Management L.P.’s holdings in Comcast were worth $15,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Promus Capital LLC acquired a new stake in Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC bought a new position in Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the third quarter worth about $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.9 %

Shares of CMCSA stock opened at $35.75 on Tuesday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a market cap of $135.17 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.78 and a beta of 1.00. The firm’s 50-day moving average is $35.88 and its 200-day moving average is $39.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Rosenblatt Securities reduced their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Profile

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.