JARISLOWSKY FRASER Ltd Has $5.55 Million Position in Comcast Corporation $CMCSA

JARISLOWSKY FRASER Ltd lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,738 shares of the cable giant’s stock after selling 18,998 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Comcast were worth $5,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Foster Group Inc. boosted its holdings in shares of Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after buying an additional 282 shares during the period. Argyle Capital Management LLC boosted its holdings in Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after acquiring an additional 300 shares during the period. Webster Bank N. A. boosted its holdings in Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 305 shares during the period. Cape Investment Advisory Inc. grew its position in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares during the last quarter. Finally, Coign Capital Advisors LLC increased its stake in shares of Comcast by 2.1% in the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after purchasing an additional 324 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CMCSA shares. Citigroup lowered their target price on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Arete Research cut their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 target price (down from $39.00) on shares of Comcast in a research report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.92.

Comcast Price Performance

Shares of Comcast stock opened at $29.54 on Friday. The firm has a market cap of $107.64 billion, a P/E ratio of 4.92, a price-to-earnings-growth ratio of 2.09 and a beta of 0.81. The firm’s 50-day simple moving average is $28.04 and its 200-day simple moving average is $31.29. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $38.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.