42,013 Shares in Comcast Corporation $CMCSA Purchased by Impax Asset Management Group plc

by · The Cerbat Gem

Impax Asset Management Group plc bought a new stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,013 shares of the cable giant’s stock, valued at approximately $1,499,000.

Several other hedge funds have also added to or reduced their stakes in CMCSA. Nuveen LLC bought a new position in shares of Comcast during the first quarter worth approximately $940,015,000. Dodge & Cox grew its position in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after buying an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. grew its position in Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after buying an additional 12,586,329 shares in the last quarter. Acadian Asset Management LLC increased its stake in 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 acquiring an additional 4,128,434 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in 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 valued at $348,363,000 after acquiring an additional 4,096,382 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent analyst reports. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday. Moffett Nathanson reduced their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Arete reduced their price target on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Rosenblatt Securities decreased their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.12.

Check Out Our Latest Research Report on Comcast

Comcast Price Performance

CMCSA stock opened at $27.97 on Friday. 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 firm has a market cap of $101.92 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 1.81 and a beta of 0.92. The company’s fifty day simple moving average is $30.25 and its 200 day simple moving average is $32.93. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.06.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

About Comcast

(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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