E Fund Management Co. Ltd. Buys 12,877 Shares of Comcast Co. (NASDAQ:CMCSA)

E Fund Management Co. Ltd. grew its stake in Comcast Co. (NASDAQ:CMCSA) by 30.9% in the 4th quarter, Holdings Channel reports. The firm owned 54,616 shares of the cable giant’s stock after purchasing an additional 12,877 shares during the period. E Fund Management Co. Ltd.’s holdings in Comcast were worth $2,050,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC grew its position in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares during the period. Bfsg LLC grew its position in shares of Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after buying an additional 73,590 shares during the period. Mission Wealth Management LP grew its position in shares of Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after buying an additional 3,344 shares during the period. Robinson Value Management Ltd. grew its position in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after buying an additional 59,107 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after buying an additional 22,684 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMCSA. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $36.27 on Friday. The firm’s 50 day moving average price is $36.13 and its 200-day moving average price is $39.37. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $137.14 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio 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.