HBW Advisory Services LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,974 shares of the cable giant’s stock after acquiring an additional 8,201 shares during the period. Comcast comprises 1.1% of HBW Advisory Services LLC’s portfolio, making the stock its 15th largest holding. HBW Advisory Services LLC’s holdings in Comcast were worth $5,110,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Comcast during the fourth quarter worth about $1,798,173,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Comcast by 121,265.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after buying an additional 25,509,390 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Comcast by 71,575.9% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 12,705,989 shares of the cable giant’s stock worth $444,328,000 after buying an additional 12,688,262 shares in the last quarter. Morgan Stanley grew its holdings in shares of Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after buying an additional 7,084,451 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock worth $715,028,000 after buying an additional 5,880,050 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Comcast in a report on Thursday, August 17th. They issued a “strong-buy” rating for the company. Barclays boosted their target price on shares of Comcast from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. Bank of America boosted their target price on shares of Comcast from $49.00 to $55.00 and gave the company a “buy” rating in a report on Friday, July 28th. Oppenheimer boosted their target price on shares of Comcast from $48.00 to $55.00 in a report on Friday, July 28th. Finally, Credit Suisse Group boosted their target price on shares of Comcast from $50.00 to $54.00 in a report on Thursday, July 27th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.88.
Comcast Price Performance
CMCSA traded up $0.73 on Thursday, reaching $45.92. The company had a trading volume of 5,022,292 shares, compared to its average volume of 18,611,729. The company has a fifty day moving average of $44.59 and a 200-day moving average of $40.88. The company has a market capitalization of $189.43 billion, a P/E ratio of 28.60, a PEG ratio of 1.24 and a beta of 0.99. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. Comcast Co. has a one year low of $28.39 and a one year high of $47.46.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. The firm had revenue of $30.51 billion during the quarter, compared to analyst estimates of $30.11 billion. Comcast had a net margin of 5.40% and a return on equity of 19.79%. Comcast’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 3.81 earnings per share for the current year.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Tuesday, October 3rd. Comcast’s payout ratio is 73.42%.
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, advertising sales, and Sky channels.
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