Fmr LLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

FMR LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,420,328 shares of the cable giant's stock after purchasing an additional 6,062,658 shares during the quarter. FMR LLC owned 3.07% of Comcast worth $4,904,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Dimensional Fund Advisors LP increased its stake in shares of Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock valued at $1,500,722,000 after buying an additional 1,000,626 shares during the period. Charles Schwab Investment Management Inc. increased its position in Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant's stock valued at $1,331,192,000 after purchasing an additional 416,759 shares during the period. Ontario Teachers Pension Plan Board increased its position in Comcast by 5.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant's stock valued at $667,620,000 after purchasing an additional 822,936 shares during the period. First Pacific Advisors LP increased its position in Comcast by 2.1% during the 2nd 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 during the period. Finally, Van ECK Associates Corp increased its position in Comcast by 7.8% during the 2nd quarter. Van ECK Associates Corp now owns 9,886,479 shares of the cable giant's stock valued at $387,155,000 after purchasing an additional 713,330 shares during the period. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMCSA. Rosenblatt Securities restated a "neutral" rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 24th. Evercore ISI upgraded Comcast to a "strong-buy" rating in a report on Thursday, November 21st. Macquarie raised their price objective on Comcast from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $47.19.

Comcast Trading Down 1.3 %

CMCSA stock traded down $0.56 during midday trading on Tuesday, hitting $42.64. The company had a trading volume of 16,948,636 shares, compared to its average volume of 19,631,730. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market cap of $163.16 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.64 and a beta of 1.00. The stock's 50 day moving average price is $42.06 and its 200 day moving average price is $40.08.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. Comcast's dividend payout ratio (DPR) is presently 33.33%.

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.