Comcast Corporation (NASDAQ:CMCSA) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 459,858 shares of the cable giant’s stock after acquiring an additional 24,370 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Comcast were worth $16,969,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMCSA. Capital World Investors grew its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Northern Trust Corp grew its holdings in Comcast by 12.8% during the 4th quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant’s stock worth $1,594,256,000 after acquiring an additional 4,819,443 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Comcast by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock worth $1,326,912,000 after acquiring an additional 4,991,891 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after acquiring an additional 926,663 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $33.45 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $123.50 billion, a P/E ratio of 5.53, a P/E/G ratio of 2.01 and a beta of 0.92. The firm has a 50 day simple moving average of $34.36 and a 200 day simple moving average of $34.77. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMCSA. Bernstein Bank reduced their price target on shares of Comcast from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th. Rosenblatt Securities raised their price target on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Morgan Stanley reduced their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Citigroup reduced their price target on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Moffett Nathanson raised their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.73.

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.