Dynamic Technology Lab Private Ltd increased its position in Comcast Co. (NASDAQ:CMCSA) by 34.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,504 shares of the cable giant’s stock after buying an additional 17,899 shares during the period. Comcast accounts for 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Comcast were worth $2,461,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its position in shares of Comcast by 76.7% during the second quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after acquiring an additional 11,878 shares during the last quarter. Kovack Advisors Inc. bought a new stake in Comcast during the second quarter valued at $343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Comcast by 5.6% during the second 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 buying an additional 197,926 shares during the period. Integrated Investment Consultants LLC lifted its stake in Comcast by 13.7% during the second quarter. Integrated Investment Consultants LLC now owns 13,154 shares of the cable giant’s stock worth $432,000 after purchasing an additional 1,584 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in Comcast by 0.9% during the second quarter. TCW Group Inc. now owns 4,634,328 shares of the cable giant’s stock worth $152,053,000 after purchasing an additional 42,958 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.
Shares of Comcast stock opened at $37.41 on Friday. The stock has a market cap of $175.93 billion, a PE ratio of 15.72, a PEG ratio of 1.19 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $21.75 billion. Analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is 36.89%.
A number of brokerages recently issued reports on CMCSA. JPMorgan Chase & Co. began coverage on Comcast in a report on Friday, October 12th. They set an “overweight” rating and a $42.00 price target on the stock. ValuEngine raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Pivotal Research dropped their price target on Comcast from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 2nd. UBS Group cut Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Finally, KeyCorp upped their price objective on Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, September 26th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.61.
In related news, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction dated Monday, September 24th. The shares were 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 of the company’s stock, valued at approximately $2,245,387.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, 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 currently owned by company insiders.
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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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