Fifth Third Bancorp raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,794,360 shares of the cable giant’s stock after buying an additional 45,166 shares during the quarter. Fifth Third Bancorp’s holdings in Comcast were worth $63,538,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CMCSA. Alps Advisors Inc. lifted its stake in shares of Comcast by 76.7% in the 2nd quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after purchasing an additional 11,878 shares during the period. Kovack Advisors Inc. purchased a new position in shares of Comcast in the 2nd quarter valued at approximately $343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Comcast by 5.6% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,715,731 shares of the cable giant’s stock valued at $121,913,000 after purchasing an additional 197,926 shares during the period. Integrated Investment Consultants LLC lifted its stake in shares of Comcast by 13.7% in the 2nd quarter. Integrated Investment Consultants LLC now owns 13,154 shares of the cable giant’s stock valued at $432,000 after purchasing an additional 1,584 shares during the period. Finally, TCW Group Inc. lifted its stake in shares of Comcast by 0.9% in the 2nd quarter. TCW Group Inc. now owns 4,634,328 shares of the cable giant’s stock valued at $152,053,000 after purchasing an additional 42,958 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.
CMCSA stock opened at $37.41 on Friday. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $175.93 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The firm had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, research analysts anticipate that Comcast Co. will post 2.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s dividend payout ratio is currently 36.89%.
In other news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at $2,245,387.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the sale, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by insiders.
A number of research analysts have recently commented on the company. Wolfe Research assumed coverage on Comcast in a research note on Friday. They issued an “outperform” rating for the company. BidaskClub cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Barclays assumed coverage on Comcast in a research note on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 target price for the company. Morgan Stanley assumed coverage on Comcast in a research note on Thursday, November 8th. They issued an “overweight” rating and a $46.00 target price for the company. Finally, Scotiabank set a $48.00 target price on Comcast and gave the company a “buy” rating in a research note on Wednesday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus price target of $44.61.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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