Blueshift Asset Management LLC Invests $1.83 Million in Comcast Co. (NASDAQ:CMCSA)

Blueshift Asset Management LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,781 shares of the cable giant’s stock, valued at approximately $1,831,000. Comcast comprises approximately 0.7% of Blueshift Asset Management LLC’s portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. BIP Wealth LLC raised its holdings in shares of Comcast by 16.5% in the third quarter. BIP Wealth LLC now owns 7,616 shares of the cable giant’s stock valued at $318,000 after buying an additional 1,078 shares during the last quarter. Prospera Private Wealth LLC raised its position in Comcast by 12.1% in the 3rd quarter. Prospera Private Wealth LLC now owns 11,507 shares of the cable giant’s stock worth $481,000 after purchasing an additional 1,243 shares during the last quarter. Strategy Asset Managers LLC lifted its holdings in Comcast by 52.9% during the 3rd quarter. Strategy Asset Managers LLC now owns 9,122 shares of the cable giant’s stock worth $381,000 after buying an additional 3,155 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Comcast in the 3rd quarter valued at $10,003,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Comcast by 2.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 542,115 shares of the cable giant’s stock valued at $22,644,000 after buying an additional 13,707 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup lowered their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Trading Up 0.2 %

Shares of NASDAQ:CMCSA opened at $36.09 on Thursday. The firm has a market cap of $136.46 billion, a price-to-earnings ratio of 8.70, a PEG 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. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company’s fifty day simple moving average is $35.84 and its 200 day simple moving average is $39.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.66%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Comcast Company 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.