Baldwin Brothers Inc. MA raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 37.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,358 shares of the cable giant’s stock after acquiring an additional 56,174 shares during the period. Comcast makes up 1.3% of Baldwin Brothers Inc. MA’s holdings, making the stock its 24th biggest holding. Baldwin Brothers Inc. MA’s holdings in Comcast were worth $9,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Westside Investment Management Inc. grew its holdings in shares of Comcast by 4.0% in the third quarter. Westside Investment Management Inc. now owns 19,619 shares of the cable giant’s stock valued at $907,000 after purchasing an additional 750 shares in the last quarter. Fulton Bank N. A. raised its position in Comcast by 16.5% in the 3rd quarter. Fulton Bank N. A. now owns 12,010 shares of the cable giant’s stock valued at $556,000 after purchasing an additional 1,698 shares during the last quarter. First Merchants Corp raised its position in Comcast by 9.6% in the 2nd quarter. First Merchants Corp now owns 168,127 shares of the cable giant’s stock valued at $6,551,000 after purchasing an additional 14,685 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Comcast by 0.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 887,641 shares of the cable giant’s stock valued at $34,601,000 after purchasing an additional 5,727 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its position in Comcast by 170.8% in the 1st quarter. Peapack Gladstone Financial Corp now owns 125,785 shares of the cable giant’s stock valued at $4,324,000 after purchasing an additional 79,337 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Several analysts recently commented on the stock. Barclays upped their price target on shares of Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday. BidaskClub downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. Citigroup upped their price objective on shares of Comcast from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Comcast from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Morgan Stanley upped their price objective on shares of Comcast from $49.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $50.18.
NASDAQ CMCSA traded up $0.45 during trading hours on Friday, reaching $45.56. The company’s stock had a trading volume of 13,361,955 shares, compared to its average volume of 22,320,676. The stock has a market cap of $208.12 billion, a PE ratio of 18.30, a PEG ratio of 1.91 and a beta of 0.93. Comcast Co. has a fifty-two week low of $31.70 and a fifty-two week high of $47.74. The company’s 50-day moving average is $45.21 and its two-hundred day moving average is $41.02. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.97 and a current ratio of 0.97.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 30th. The cable giant reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14. The firm had revenue of $23.72 billion for the quarter, compared to analysts’ expectations of $23.56 billion. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The firm’s revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. Equities analysts expect that Comcast Co. will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.02%. Comcast’s payout ratio is 29.39%.
In related news, CEO Jeff Shell sold 99,484 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $42.91, for a total value of $4,268,858.44. 1.35% of the stock is currently owned by corporate insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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