Cwm LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 78.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,320 shares of the cable giant’s stock after acquiring an additional 13,299 shares during the quarter. Cwm LLC’s holdings in Comcast were worth $1,074,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Massachusetts Financial Services Co. MA raised its stake in 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 worth $4,864,907,000 after acquiring an additional 12,823,994 shares during the period. FMR LLC increased its stake in shares of Comcast by 7.5% in the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after purchasing an additional 7,812,415 shares during the period. Bank of Montreal Can increased its stake in shares of Comcast by 43.9% in the third quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock valued at $800,167,000 after purchasing an additional 6,893,674 shares during the period. Natixis acquired a new stake in shares of Comcast in the second quarter valued at approximately $147,520,000. Finally, Canyon Capital Advisors LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $147,645,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Several equities research analysts have commented on CMCSA shares. JPMorgan Chase & Co. started coverage on shares of Comcast in a research note on Friday, October 12th. They issued an “overweight” rating and a $42.00 price target on the stock. Scotiabank set a $48.00 price target on shares of Comcast and gave the company a “buy” rating in a research note on Wednesday. Pivotal Research restated a “buy” rating and issued a $48.00 price target on shares of Comcast in a research note on Thursday, September 20th. KeyCorp raised their price target on shares of Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, September 26th. Finally, TD Securities dropped their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. Nine investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Comcast presently has an average rating of “Buy” and an average price target of $44.71.
Comcast stock opened at $37.66 on Friday. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $177.14 billion, a P/E ratio of 15.83, a PEG ratio of 1.21 and a beta of 0.92.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Equities analysts forecast that Comcast Co. will post 2.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
In other news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
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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