LGT Capital Partners LTD. Has $39.47 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

LGT Capital Partners LTD. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,051,620 shares of the cable giant’s stock after selling 15,600 shares during the quarter. Comcast accounts for about 1.5% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 22nd largest position. LGT Capital Partners LTD.’s holdings in Comcast were worth $39,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Taurus Asset Management LLC grew its stake in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the period. Arvest Investments Inc. grew its stake in Comcast by 1.0% in the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after acquiring an additional 268 shares during the period. McIlrath & Eck LLC grew its stake in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares during the period. Mengis Capital Management Inc. grew its stake in Comcast by 1.5% in the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after acquiring an additional 283 shares during the period. Finally, Dunhill Financial LLC grew its stake in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CMCSA shares. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Price Performance

NASDAQ:CMCSA opened at $37.59 on Friday. 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’s 50 day moving average price is $36.12 and its two-hundred day moving average price is $39.35. The firm has a market capitalization of $142.13 billion, a price-to-earnings ratio of 9.06, a P/E/G 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.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 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.