CX Institutional Has $6.20 Million Stake in Comcast Co. (NASDAQ:CMCSA)

CX Institutional raised its stake in Comcast Co. (NASDAQ:CMCSA) by 32.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,384 shares of the cable giant’s stock after purchasing an additional 35,987 shares during the quarter. CX Institutional’s holdings in Comcast were worth $6,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CMCSA. Ontario Teachers Pension Plan Board boosted its stake in shares of Comcast by 25,881.7% in 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 buying an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 8,243,302 shares during the period. Capital World Investors grew 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 buying an additional 7,929,963 shares during the period. Canada Pension Plan Investment Board increased its holdings in Comcast by 80.9% during 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 buying an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Comcast by 92.1% in the second 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 during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore ISI decreased their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.55.

Comcast Price Performance

Shares of CMCSA stock opened at $41.97 on Tuesday. The business’s 50 day moving average price is $40.05 and its 200-day moving average price is $39.44. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market cap of $164.67 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.95%. Comcast’s dividend payout ratio is currently 32.80%.

Comcast Company 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.