Mawer Investment Management Ltd. raised its position in Comcast Co. (NASDAQ:CMCSA) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,931,522 shares of the cable giant’s stock after purchasing an additional 2,573 shares during the quarter. Mawer Investment Management Ltd. owned 0.06% of Comcast worth $163,960,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in shares of Comcast by 23.5% during the second quarter. Penserra Capital Management LLC now owns 85,171 shares of the cable giant’s stock valued at $4,856,000 after purchasing an additional 16,215 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of Comcast by 10.4% in the third quarter. Sigma Planning Corp now owns 42,275 shares of the cable giant’s stock worth $2,364,000 after buying an additional 3,969 shares during the last quarter. Richard Bernstein Advisors LLC raised its holdings in shares of Comcast by 10.3% in the third quarter. Richard Bernstein Advisors LLC now owns 86,564 shares of the cable giant’s stock worth $4,841,000 after buying an additional 8,071 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of Comcast by 8.4% in the second quarter. Mutual Advisors LLC now owns 33,721 shares of the cable giant’s stock worth $1,923,000 after buying an additional 2,615 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Comcast in the third quarter worth $6,767,000. 82.61% of the stock is currently owned by institutional investors.
Several analysts recently commented on CMCSA shares. TD Securities dropped their price target on shares of Comcast from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, December 9th. Macquarie downgraded shares of Comcast from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $65.00 to $52.00 in a research note on Tuesday, December 14th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 10th. Finally, Citigroup downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $60.00 to $53.00 in a research note on Wednesday, December 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $63.88.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The business had revenue of $30.30 billion during the quarter, compared to the consensus estimate of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Sell-side analysts forecast that Comcast Co. will post 3.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 26th. Investors of record on Wednesday, January 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. Comcast’s payout ratio is 32.26%.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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