Jump Financial LLC Has $3.14 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Jump Financial LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 49.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,699 shares of the cable giant’s stock after purchasing an additional 27,576 shares during the period. Jump Financial LLC’s holdings in Comcast were worth $3,141,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bridgewater Associates LP grew its stake in Comcast by 115.4% in the fourth quarter. Bridgewater Associates LP now owns 2,999,578 shares of the cable giant’s stock valued at $112,574,000 after purchasing an additional 1,606,937 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in shares of Comcast by 2.2% during the 4th quarter. M Holdings Securities Inc. now owns 31,068 shares of the cable giant’s stock valued at $1,166,000 after buying an additional 664 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Comcast in the 4th quarter valued at approximately $12,743,000. Canada Post Corp Registered Pension Plan acquired a new position in Comcast in the fourth quarter worth approximately $3,422,000. Finally, Broyhill Asset Management bought a new position in Comcast during the fourth quarter valued at approximately $242,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Citigroup cut their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. UBS Group decreased their price target on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Barclays reduced their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight 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 $42.50.

Comcast Trading Up 1.2 %

CMCSA opened at $33.96 on Friday. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The firm has a 50-day moving average price of $35.54 and a two-hundred day moving average price of $38.37. The stock has a market capitalization of $128.40 billion, a PE ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted 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%. As a group, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date 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.