Fiduciary Family Office LLC Grows Stake in Comcast Co. (NASDAQ:CMCSA)

by · The Cerbat Gem

Fiduciary Family Office LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,522 shares of the cable giant’s stock after purchasing an additional 2,074 shares during the quarter. Fiduciary Family Office LLC’s holdings in Comcast were worth $1,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Capital World Investors raised its holdings in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after purchasing an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board raised its stake in Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP raised its holdings in shares of Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after purchasing an additional 219,894 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.8 %

Shares of NASDAQ CMCSA traded up $0.32 during mid-day trading on Tuesday, hitting $42.85. 2,884,465 shares of the stock traded hands, compared to its average volume of 19,612,352. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day moving average price of $40.85 and a 200-day moving average price of $39.60. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market cap of $165.94 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.14 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Free Report) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.27 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research note on Friday. Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Friday. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Get Our Latest Report on CMCSA

Comcast Profile

(Free Report)

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.

Featured Stories