Bridgewater Associates LP lessened its holdings in Comcast Co. (NASDAQ:CMCSA – Free Report) by 20.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,392,641 shares of the cable giant’s stock after selling 351,434 shares during the period. Bridgewater Associates LP’s holdings in Comcast were worth $58,171,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 1,000,626 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 1.3% in the third 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 last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Comcast by 5.4% in the third 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 last quarter. Finally, First Pacific Advisors LP raised its holdings in shares of Comcast by 2.1% in the second 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 last quarter. Institutional investors own 84.32% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.
Comcast Stock Down 1.3 %
CMCSA stock opened at $42.64 on Wednesday. The firm has a 50-day moving average price of $42.13 and a 200-day moving average price of $40.11. The stock has a market capitalization of $163.16 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. 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 (NASDAQ:CMCSA – Get Free Report) last issued 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. The business 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 firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio 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.
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