Capital Insight Partners LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

by · The Cerbat Gem

Capital Insight Partners LLC grew its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 88,351 shares of the cable giant’s stock after acquiring an additional 3,002 shares during the period. Capital Insight Partners LLC’s holdings in Comcast were worth $3,690,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board increased its holdings in Comcast by 25,881.7% during the 1st 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. Price T Rowe Associates Inc. MD increased its stake in shares of Comcast by 41.7% during the first 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 buying an additional 8,243,302 shares during the period. Capital World Investors raised its holdings in Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after acquiring an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after acquiring an additional 4,182,525 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMCSA. KeyCorp lowered their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.55.

Read Our Latest Analysis on Comcast

Comcast Price Performance

Comcast stock traded up $0.02 during trading hours on Thursday, hitting $41.42. The stock had a trading volume of 4,653,692 shares, compared to its average volume of 19,745,941. The stock has a market capitalization of $162.52 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The stock’s fifty day moving average is $39.95 and its two-hundred day moving average is $39.49.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the business earned $1.13 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts predict that Comcast Co. will post 4.23 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 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

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.

Further Reading

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