TCW Group Inc. grew its position in Comcast Co. (NASDAQ:CMCSA) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,667,411 shares of the cable giant’s stock after acquiring an additional 33,083 shares during the quarter. Comcast accounts for 1.4% of TCW Group Inc.’s portfolio, making the stock its 18th biggest holding. TCW Group Inc. owned approximately 0.10% of Comcast worth $165,273,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. WP Advisors LLC purchased a new position in shares of Comcast in the 2nd quarter worth approximately $105,000. Prentiss Smith & Co. Inc. boosted its holdings in shares of Comcast by 229.5% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the period. IMA Wealth Inc. purchased a new position in shares of Comcast in the 2nd quarter worth approximately $108,000. Acropolis Investment Management LLC purchased a new position in shares of Comcast in the 3rd quarter worth approximately $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Comcast in the 2nd quarter worth approximately $129,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Pivotal Research restated a “buy” rating on shares of Comcast in a report on Friday, August 10th. BidaskClub upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday. Raymond James upgraded Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. MED assumed coverage on Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. They noted that the move was a valuation call. Finally, Moffett Nathanson restated a “neutral” rating and set a $36.00 price objective on shares of Comcast in a report on Monday, September 24th. Nine investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and a consensus target price of $44.71.
Shares of CMCSA stock opened at $37.95 on Friday. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00. The firm has a market capitalization of $175.14 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The business had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, equities analysts forecast that Comcast Co. will post 2.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s payout ratio is 36.89%.
In other news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.
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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