Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 109,412 shares of the cable giant’s stock after acquiring an additional 7,305 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Comcast were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Charles Schwab Investment Management Inc. raised its position in Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after buying an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in shares of Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after acquiring an additional 822,936 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Comcast by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after acquiring an additional 676,920 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday. Citigroup dropped their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $38.00 in a research note on Friday. Finally, Morgan Stanley lowered their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Up 1.2 %

Shares of NASDAQ:CMCSA opened at $33.66 on Monday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $47.11. The stock has a market cap of $128.80 billion, a P/E ratio of 9.05, a PEG ratio of 1.36 and a beta of 1.01. The business has a fifty day moving average of $38.61 and a two-hundred day moving average of $40.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. Comcast’s dividend payout ratio is currently 31.81%.

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.