Nwam LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,152 shares of the cable giant's stock, valued at approximately $1,301,000.
Other hedge funds also recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its stake in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant's stock worth $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank raised its position in shares of Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant's stock worth $7,513,000 after buying an additional 15,664 shares in the last quarter. Parnassus Investments LLC boosted its stake in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock valued at $80,232,000 after buying an additional 68,139 shares during the period. Douglas Lane & Associates LLC grew its position in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock worth $92,331,000 after buying an additional 15,807 shares in the last quarter. Finally, Wulff Hansen & CO. increased its stake in Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant's stock worth $21,866,000 after acquiring an additional 544,123 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on CMCSA shares. Pivotal Research increased their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie increased their price objective on Comcast from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company boosted their target price on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast currently has an average rating of "Moderate Buy" and an average target price of $47.19.
Check Out Our Latest Stock Report on Comcast
CMCSA stock opened at $43.47 on Friday. The firm has a 50-day moving average of $41.98 and a 200 day moving average of $40.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $166.34 billion, a P/E ratio of 11.69, a PEG ratio of 1.60 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is presently 33.33%.
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.
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