Meeder Asset Management Inc. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 49.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 181,773 shares of the cable giant’s stock after acquiring an additional 60,516 shares during the quarter. Meeder Asset Management Inc.’s holdings in Comcast were worth $6,436,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. FCG Advisors LLC lifted its position in Comcast by 12.8% during the third quarter. FCG Advisors LLC now owns 14,434 shares of the cable giant’s stock valued at $511,000 after purchasing an additional 1,638 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in Comcast during the third quarter valued at $3,932,000. River Road Asset Management LLC lifted its position in Comcast by 19.9% during the third quarter. River Road Asset Management LLC now owns 2,421,437 shares of the cable giant’s stock valued at $85,743,000 after purchasing an additional 401,418 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Comcast during the third quarter valued at $16,003,000. Finally, TD Asset Management Inc. lifted its position in Comcast by 1.8% during the third quarter. TD Asset Management Inc. now owns 4,569,673 shares of the cable giant’s stock valued at $161,812,000 after purchasing an additional 81,432 shares during the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.
CMCSA stock opened at $37.73 on Wednesday. The stock has a market capitalization of $174.91 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.19 and a beta of 0.93. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The company had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. On average, equities research analysts expect that Comcast Co. will post 2.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s dividend payout ratio is presently 36.89%.
Several equities analysts have commented on the stock. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 2nd. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Citigroup assumed coverage on shares of Comcast in a research report on Wednesday, October 24th. They set a “buy” rating and a $48.00 price objective for the company. MED assumed coverage on shares of Comcast in a research 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, Robert W. Baird lowered their price objective on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. Nine investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.71.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated 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 directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
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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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