Atwater Malick LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,967 shares of the cable giant’s stock after purchasing an additional 4,302 shares during the period. Comcast accounts for 1.9% of Atwater Malick LLC’s holdings, making the stock its 25th biggest holding. Atwater Malick LLC’s holdings in Comcast were worth $3,634,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Field & Main Bank increased its stake in Comcast by 200.0% in the 3rd quarter. Field & Main Bank now owns 450 shares of the cable giant’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. Newton One Investments LLC bought a new stake in Comcast in the 2nd quarter worth approximately $28,000. Baron Financial Group LLC increased its stake in Comcast by 688.6% in the 2nd quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock worth $31,000 after acquiring an additional 482 shares during the last quarter. Axiom Investment Management LLC bought a new stake in Comcast in the 1st quarter worth approximately $37,000. Finally, Lake Point Wealth Management bought a new stake in Comcast in the 2nd quarter worth approximately $41,000. 82.48% of the stock is currently owned by institutional investors.
CMCSA has been the topic of a number of research reports. Pivotal Research reduced their price objective on Comcast from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 29th. They noted that the move was a valuation call. Citigroup cut their target price on Comcast from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, October 12th. Raymond James downgraded Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, October 11th. Finally, Truist boosted their target price on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Buy” and an average target price of $65.87.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. Comcast had a return on equity of 14.88% and a net margin of 12.73%. The business had revenue of $30.30 billion during the quarter, compared to analysts’ expectations of $29.87 billion. During the same period in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Analysts expect that Comcast Co. will post 3.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, January 4th. Comcast’s dividend payout ratio is 32.26%.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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