Wade G W & Inc. grew its stake in Comcast Co. (NASDAQ:CMCSA) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,222 shares of the cable giant’s stock after buying an additional 401 shares during the period. Wade G W & Inc.’s holdings in Comcast were worth $427,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Westside Investment Management Inc. increased its position in shares of Comcast by 4.0% in the 3rd quarter. Westside Investment Management Inc. now owns 19,619 shares of the cable giant’s stock valued at $907,000 after buying an additional 750 shares in the last quarter. Fulton Bank N. A. lifted its stake in Comcast by 16.5% in the 3rd quarter. Fulton Bank N. A. now owns 12,010 shares of the cable giant’s stock valued at $556,000 after purchasing an additional 1,698 shares during the last quarter. Zweig DiMenna Associates LLC lifted its stake in Comcast by 6.8% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 103,358 shares of the cable giant’s stock valued at $4,781,000 after purchasing an additional 6,607 shares during the last quarter. First Merchants Corp lifted its stake in Comcast by 9.6% in the 2nd quarter. First Merchants Corp now owns 168,127 shares of the cable giant’s stock valued at $6,551,000 after purchasing an additional 14,685 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Comcast by 0.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 887,641 shares of the cable giant’s stock valued at $34,601,000 after purchasing an additional 5,727 shares during the last quarter. 82.80% of the stock is owned by institutional investors.
Shares of NASDAQ:CMCSA opened at $49.54 on Tuesday. The firm has a market cap of $226.66 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The firm’s fifty day moving average is $45.14 and its 200-day moving average is $42.31. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $49.75.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 29th. The cable giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The company had revenue of $25.53 billion for the quarter, compared to analyst estimates of $24.73 billion. Comcast had a net margin of 9.90% and a return on equity of 15.45%. Comcast’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. Sell-side analysts forecast that Comcast Co. will post 2.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, January 5th. This represents a $0.92 annualized dividend and a yield of 1.86%. Comcast’s payout ratio is 29.39%.
Several research analysts have weighed in on the stock. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Tuesday, November 10th. BidaskClub cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 3rd. Pivotal Research increased their price target on shares of Comcast from $52.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, September 16th. Smith Barney Citigroup increased their price target on shares of Comcast from $52.00 to $54.00 in a report on Tuesday, November 10th. Finally, Morgan Stanley raised their target price on shares of Comcast from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus target price of $49.90.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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