Investors Research Corp raised its position in Comcast Co. (NASDAQ:CMCSA) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,434 shares of the cable giant’s stock after acquiring an additional 653 shares during the period. Investors Research Corp’s holdings in Comcast were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Comcast by 2.0% during the second quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after buying an additional 7,792,136 shares during the period. BlackRock Inc. lifted its stake in shares of Comcast by 2.7% during the second quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after buying an additional 8,635,296 shares during the period. Invesco Ltd. lifted its stake in shares of Comcast by 3.0% during the second quarter. Invesco Ltd. now owns 61,356,936 shares of the cable giant’s stock worth $2,594,171,000 after buying an additional 1,759,655 shares during the period. Northern Trust Corp lifted its stake in shares of Comcast by 1.9% during the second quarter. Northern Trust Corp now owns 54,866,448 shares of the cable giant’s stock worth $2,319,753,000 after buying an additional 1,009,589 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Comcast by 9.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 53,688,862 shares of the cable giant’s stock worth $2,269,965,000 after buying an additional 4,446,292 shares during the period. Institutional investors own 82.82% of the company’s stock.
CMCSA has been the subject of several recent research reports. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Benchmark initiated coverage on shares of Comcast in a report on Wednesday, September 25th. They set a “buy” rating and a $64.00 target price for the company. Wells Fargo & Co initiated coverage on shares of Comcast in a report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 target price for the company. Bank of America set a $58.00 target price on shares of Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.06.
Shares of CMCSA stock traded down $0.24 on Tuesday, reaching $45.84. 6,894,730 shares of the company were exchanged, compared to its average volume of 15,272,682. The company has a market cap of $207.11 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.25 and a beta of 1.08. The business has a 50-day moving average price of $45.52 and a 200 day moving average price of $43.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $47.27.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. As a group, equities analysts anticipate that Comcast Co. will post 3.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. Comcast’s dividend payout ratio is currently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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