Meeder Advisory Services Inc. Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Meeder Advisory Services Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,868 shares of the cable giant’s stock after acquiring an additional 459 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Comcast were worth $3,289,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Comcast in the 4th quarter worth $2,542,988,000. Capital World Investors boosted its stake in shares of Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC boosted its position in Comcast by 116.8% during the fourth quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after purchasing an additional 2,772,190 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Comcast by 215.7% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after purchasing an additional 2,474,946 shares during the period. Finally, Pathstone Holdings LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $108,332,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

CMCSA stock traded up $0.65 during trading on Monday, reaching $38.94. 19,018,323 shares of the company were exchanged, compared to its average volume of 20,346,201. The company has a 50-day moving average of $38.50 and a two-hundred day moving average of $40.88. The company has a market capitalization of $152.79 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.96 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. The Goldman Sachs Group assumed coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Scotiabank decreased their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $48.53.

Comcast Profile

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.