Verity & Verity LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 27.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,208 shares of the cable giant's stock after purchasing an additional 74,131 shares during the period. Verity & Verity LLC's holdings in Comcast were worth $14,378,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its position in shares of Comcast by 271.7% in the third quarter. Meeder Asset Management Inc. now owns 66,413 shares of the cable giant's stock worth $2,774,000 after purchasing an additional 48,545 shares in the last quarter. Caprock Group LLC lifted its position in Comcast by 3.8% during the 3rd quarter. Caprock Group LLC now owns 146,544 shares of the cable giant's stock worth $6,121,000 after buying an additional 5,386 shares in the last quarter. Lindenwold Advisors INC boosted its stake in shares of Comcast by 1.7% during the 3rd quarter. Lindenwold Advisors INC now owns 30,908 shares of the cable giant's stock worth $1,291,000 after buying an additional 522 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Comcast by 17.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 64,300 shares of the cable giant's stock valued at $2,686,000 after acquiring an additional 9,640 shares in the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in shares of Comcast in the third quarter valued at about $273,000. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Performance
Shares of CMCSA traded down $0.68 during midday trading on Tuesday, reaching $42.32. 21,731,300 shares of the stock were exchanged, compared to its average volume of 19,630,316. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock's 50 day simple moving average is $41.73 and its 200 day simple moving average is $39.95. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a market cap of $161.94 billion, a P/E 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 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 the consensus estimate of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.
Comcast Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.93%. Comcast's dividend payout ratio is presently 33.33%.
Analyst Ratings Changes
CMCSA has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, November 1st. StockNews.com lowered shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, September 24th. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company 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 and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.19.
View Our Latest Research Report on CMCSA
Comcast Profile
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Free Report)
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.
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