Comcast Co. (NASDAQ:CMCSA) Stock Position Boosted by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,556 shares of the cable giant’s stock after acquiring an additional 1,693 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Comcast were worth $2,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Raymond James Financial Inc. bought a new position in shares of Comcast during the 4th quarter valued at about $743,681,000. Amundi boosted its position in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC boosted its position in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $36.01 on Wednesday. The firm has a market cap of $136.15 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a 50-day moving average price of $35.86 and a 200 day moving average price of $39.14. 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 (NASDAQ:CMCSA) last announced 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%. Research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared 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 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 dividend yield of 3.67%. Comcast’s dividend payout ratio is 31.81%.

Analyst Ratings Changes

A number of research firms have commented on CMCSA. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Nine 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.