Comcast Co. (NASDAQ:CMCSA) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,709,601 shares of the cable giant’s stock after acquiring an additional 838,366 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of Comcast worth $1,227,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter valued at about $28,000. Safe Harbor Fiduciary LLC bought a new position in Comcast during the third quarter valued at about $30,000. Finally, Dunhill Financial LLC raised its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 0.3 %

NASDAQ CMCSA opened at $35.98 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average is $36.28 and its two-hundred day moving average is $39.45. The company has a market capitalization of $136.04 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

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

Comcast Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Citigroup lowered their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.