Harbor Advisors LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,000 shares of the cable giant’s stock, valued at approximately $962,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Comcast by 5.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 437,497 shares of the cable giant’s stock valued at $16,835,000 after purchasing an additional 20,647 shares during the period. First Business Financial Services Inc. raised its position in shares of Comcast by 11.6% in the third quarter. First Business Financial Services Inc. now owns 14,623 shares of the cable giant’s stock valued at $563,000 after purchasing an additional 1,519 shares during the period. Paragon Capital Management Ltd raised its position in shares of Comcast by 18.4% in the third quarter. Paragon Capital Management Ltd now owns 63,573 shares of the cable giant’s stock valued at $2,446,000 after purchasing an additional 9,866 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Comcast by 7.9% in the third quarter. Pictet Asset Management Ltd. now owns 4,638,365 shares of the cable giant’s stock valued at $178,485,000 after purchasing an additional 341,070 shares during the period. Finally, Segment Wealth Management LLC raised its position in shares of Comcast by 1,021.3% in the third quarter. Segment Wealth Management LLC now owns 77,379 shares of the cable giant’s stock valued at $2,977,000 after purchasing an additional 70,478 shares during the period. 82.13% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered shares of Comcast to a “positive” rating in a research report on Monday, October 30th. Buckingham Research started coverage on shares of Comcast in a research report on Monday, November 20th. They issued a “buy” rating and a $48.00 price target on the stock. Wells Fargo & Co restated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. Finally, Nomura lowered their price objective on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.72.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $40.78 on Tuesday. Comcast Corporation has a 52 week low of $34.12 and a 52 week high of $42.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $190,600.00, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. equities analysts forecast that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.54%. Comcast’s dividend payout ratio is currently 29.72%.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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