Comcast Co. (NASDAQ:CMCSA) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,983,230 shares of the cable giant's stock after purchasing an additional 822,936 shares during the period. Comcast accounts for approximately 5.7% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 4th largest holding. Ontario Teachers Pension Plan Board owned approximately 0.41% of Comcast worth $667,620,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in Comcast by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 542,115 shares of the cable giant's stock valued at $22,644,000 after purchasing an additional 13,707 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Comcast during the 3rd quarter valued at $10,003,000. Strategy Asset Managers LLC boosted its position in shares of Comcast by 52.9% in the 3rd quarter. Strategy Asset Managers LLC now owns 9,122 shares of the cable giant's stock valued at $381,000 after purchasing an additional 3,155 shares during the period. Prospera Private Wealth LLC lifted its stake in Comcast by 12.1% in the 3rd quarter. Prospera Private Wealth LLC now owns 11,507 shares of the cable giant's stock worth $481,000 after acquiring an additional 1,243 shares in the last quarter. Finally, West Family Investments Inc. boosted its position in Comcast by 9.0% during the third quarter. West Family Investments Inc. now owns 16,480 shares of the cable giant's stock valued at $688,000 after purchasing an additional 1,358 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. 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. TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on Comcast from $43.00 to $46.00 and gave the company 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 raised their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.19.

Comcast Trading Up 1.6 %

Shares of CMCSA traded up $0.67 during trading hours on Wednesday, reaching $42.99. 21,067,789 shares of the company traded hands, compared to its average volume of 19,672,221. The firm has a market cap of $164.50 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.63 and a beta of 1.00. The stock's fifty day moving average price is $41.73 and its 200 day moving average price is $39.95. 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 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating 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 business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Sell-side analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. Comcast's dividend payout ratio (DPR) is 33.33%.

Comcast Company 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.