B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 330,087 shares of the cable giant's stock, valued at approximately $13,788,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC raised its position in shares of Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant's stock valued at $1,411,000 after buying an additional 1,550 shares during the last quarter. First Hawaiian Bank raised its position in shares of Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant's stock valued at $7,513,000 after buying an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock valued at $92,331,000 after buying an additional 15,807 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant's stock valued at $21,866,000 after buying an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Comcast in the first quarter valued at approximately $773,000. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Down 1.6 %
Shares of Comcast stock traded down $0.68 on Tuesday, hitting $42.32. 21,731,300 shares of the company's stock traded hands, compared to its average volume of 19,630,316. The stock has a market cap of $161.94 billion, a P/E ratio of 11.47, a PEG ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm's 50-day moving average is $41.67 and its 200 day moving average is $39.93. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. Equities analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.
Comcast Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is currently 33.33%.
Analyst Ratings Changes
A number of equities analysts have weighed in on CMCSA shares. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday. Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.19.
Check Out Our Latest Report on CMCSA
Comcast Company Profile
(
Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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