TCW Group Inc. Buys 38,031 Shares of Comcast Co. (NASDAQ:CMCSA)

TCW Group Inc. increased its stake in Comcast Co. (NASDAQ:CMCSA) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,535,858 shares of the cable giant’s stock after purchasing an additional 38,031 shares during the period. TCW Group Inc.’s holdings in Comcast were worth $67,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. WealthPlan Investment Management LLC raised its position in shares of Comcast by 437.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 8,495 shares of the cable giant’s stock worth $377,000 after acquiring an additional 6,913 shares in the last quarter. Larson Financial Group LLC raised its stake in Comcast by 38.1% during the 3rd quarter. Larson Financial Group LLC now owns 7,372 shares of the cable giant’s stock valued at $327,000 after buying an additional 2,034 shares during the last quarter. NewSquare Capital LLC raised its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Q3 Asset Management purchased a new stake in shares of Comcast in the 3rd quarter worth $1,968,000. Finally, NBC Securities Inc. purchased a new stake in shares of Comcast in the 3rd quarter worth $5,077,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded down $0.21 during midday trading on Thursday, hitting $38.68. 16,080,325 shares of the stock traded hands, compared to its average volume of 20,581,852. The firm has a market capitalization of $151.77 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The business’s 50 day moving average price is $40.37 and its two-hundred day moving average price is $42.09. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.21%. Comcast’s dividend payout ratio (DPR) is 32.80%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Monday, May 13th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Citigroup reduced their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.33.

About Comcast

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.