Altman Advisors Inc. Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

by · The Cerbat Gem

Altman Advisors Inc. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,662 shares of the cable giant’s stock after purchasing an additional 718 shares during the quarter. Altman Advisors Inc.’s holdings in Comcast were worth $1,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital World Investors boosted its position in Comcast by 7.4% during 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 purchasing an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after acquiring an additional 822,936 shares in the last quarter. Finally, First Pacific Advisors LP increased its position in shares of Comcast by 2.1% during the second 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 in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMCSA shares. Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Macquarie increased their price target on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Check Out Our Latest Report on Comcast

Comcast Stock Performance

CMCSA opened at $42.03 on Wednesday. The firm has a market capitalization of $160.83 billion, a PE ratio of 11.38, a PEG ratio of 1.63 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm’s 50-day moving average price is $41.73 and its 200 day moving average price is $39.95.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.

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