Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,156,427 shares of the cable giant's stock after purchasing an additional 150,474 shares during the period. Cerity Partners LLC's holdings in Comcast were worth $48,304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Koshinski Asset Management Inc. boosted its position in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock worth $1,277,000 after acquiring an additional 249 shares during the last quarter. Taurus Asset Management LLC lifted its stake in shares of Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after purchasing an additional 253 shares during the period. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock worth $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock valued at $243,000 after purchasing an additional 260 shares during the period. Finally, Greenwich Wealth Management LLC increased its stake in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant's stock valued at $382,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Rosenblatt Securities restated a "neutral" rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Finally, Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $47.19.

Comcast Stock Performance

CMCSA traded down $0.03 during trading hours on Friday, hitting $43.47. 10,637,295 shares of the stock were exchanged, compared to its average volume of 20,840,952. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a 50-day simple moving average of $41.98 and a 200-day simple moving average of $40.04. The stock has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. Analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast's dividend payout ratio is presently 33.33%.

About Comcast

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.