Comcast Corporation $CMCSA Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,438,921 shares of the cable giant’s stock after buying an additional 1,257,196 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Comcast worth $13,185,275,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Comcast in the first quarter worth $940,015,000. Dodge & Cox lifted its holdings in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. increased its stake in Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after buying an additional 12,586,329 shares during the period. Acadian Asset Management LLC raised its position in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Comcast by 76.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock worth $348,363,000 after acquiring an additional 4,096,382 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.1%

Shares of Comcast stock opened at $27.22 on Tuesday. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.03. The firm has a market capitalization of $99.19 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average is $29.99 and its 200-day moving average is $32.82.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared 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 is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s payout ratio is currently 21.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Pivotal Research lowered their price objective on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Arete decreased their price target on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Citigroup dropped their price objective on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, November 4th. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus price target of $36.12.

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.