Bank of Montreal Can raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 43.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,597,172 shares of the cable giant’s stock after purchasing an additional 6,893,674 shares during the period. Comcast comprises about 0.6% of Bank of Montreal Can’s portfolio, making the stock its 26th largest holding. Bank of Montreal Can owned approximately 0.49% of Comcast worth $800,167,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Comcast by 9.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock valued at $4,864,907,000 after acquiring an additional 12,823,994 shares during the period. FMR LLC lifted its holdings in Comcast by 7.5% in the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock worth $3,669,961,000 after purchasing an additional 7,812,415 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Comcast by 108.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after purchasing an additional 17,663,290 shares during the period. Boston Partners lifted its holdings in Comcast by 23.7% in the second quarter. Boston Partners now owns 22,787,062 shares of the cable giant’s stock worth $747,643,000 after purchasing an additional 4,358,705 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Comcast by 6.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,722,508 shares of the cable giant’s stock worth $647,096,000 after purchasing an additional 1,125,430 shares during the period. Hedge funds and other institutional investors own 80.15% of the company’s stock.
Shares of NASDAQ CMCSA opened at $34.62 on Friday. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $164.46 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. On average, equities research analysts forecast that Comcast Co. will post 2.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a yield of 2.20%. Comcast’s payout ratio is presently 36.89%.
Several equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, September 24th. UBS Group downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. Pivotal Research reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Comcast in a report on Thursday, September 20th. ValuEngine raised shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. Finally, TD Securities reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average price target of $44.96.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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