Comcast Corporation $CMCSA is Beutel Goodman & Co Ltd.’s 10th Largest Position

Beutel Goodman & Co Ltd. lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.2% during the second quarter, HoldingsChannel.com reports. The firm owned 11,939,789 shares of the cable giant’s stock after selling 267,190 shares during the period. Comcast makes up approximately 2.4% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 10th largest holding. Beutel Goodman & Co Ltd.’s holdings in Comcast were worth $426,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Vanguard Group Inc. lifted its holdings in Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Dodge & Cox increased its stake in shares of Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after purchasing an additional 17,054,579 shares in the last quarter. Norges Bank acquired a new position in shares of Comcast during the 2nd quarter worth about $3,528,361,000. Charles Schwab Investment Management Inc. lifted its position in shares of Comcast by 7.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after acquiring an additional 2,517,906 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Comcast by 1.4% during the second quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after buying an additional 490,923 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCSA. Arete decreased their target price on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Bank of America cut their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, November 4th. Daiwa Capital Markets cut their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Finally, Morgan Stanley decreased their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average target price of $35.82.

Comcast Price Performance

Comcast stock opened at $27.20 on Friday. The stock has a market cap of $99.11 billion, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83. The company has a fifty day simple moving average of $28.57 and a 200-day simple moving average of $32.14. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $43.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion for the quarter. Equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Comcast’s payout ratio is 21.96%.

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.