Meeder Asset Management Inc. Has $2.77 Million Position in Comcast Co. (NASDAQ:CMCSA)

Meeder Asset Management Inc. raised its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 271.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 66,413 shares of the cable giant's stock after buying an additional 48,545 shares during the quarter. Meeder Asset Management Inc.'s holdings in Comcast were worth $2,774,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Macquarie lifted their price target on Comcast from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.19.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.68 during trading hours on Tuesday, reaching $42.32. The stock had a trading volume of 21,731,300 shares, compared to its average volume of 19,630,316. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The business's fifty day moving average is $41.73 and its two-hundred day moving average is $39.95. The company has a market cap of $161.94 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. As a group, research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced 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 2.93%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is currently 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.