Advisors Asset Management Inc. Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Advisors Asset Management Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 542,115 shares of the cable giant's stock after buying an additional 13,707 shares during the quarter. Advisors Asset Management Inc.'s holdings in Comcast were worth $22,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Capital World Investors raised its stake in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant's stock valued at $5,015,737,000 after purchasing an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP boosted its position in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock worth $1,500,722,000 after acquiring an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant's stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares in the last quarter. First Pacific Advisors LP grew its position in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant's stock valued at $423,633,000 after purchasing an additional 219,894 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant's stock worth $457,007,000 after buying an additional 4,714,586 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 1.6 %

Comcast stock traded up $0.67 during mid-day trading on Wednesday, reaching $42.99. The stock had a trading volume of 21,067,789 shares, compared to its average volume of 19,672,221. The firm has a market capitalization of $164.50 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The stock's 50-day simple moving average is $41.73 and its 200-day simple moving average is $39.95. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same period last year, the company earned $1.08 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast's payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Macquarie boosted their target price on Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday. StockNews.com lowered Comcast from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, September 24th. Wells Fargo & Company increased their price objective on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.19.

Comcast Profile

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.