Fmr LLC Acquires 6,062,658 Shares of Comcast Co. (NASDAQ:CMCSA)

Fmr LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.4% in the third quarter, HoldingsChannel.com reports. The firm owned 117,420,328 shares of the cable giant’s stock after purchasing an additional 6,062,658 shares during the quarter. Fmr LLC’s holdings in Comcast were worth $4,904,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Koshinski Asset Management Inc. boosted its stake in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 249 shares during the period. Taurus Asset Management LLC raised its holdings in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its position in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.6 %

Shares of Comcast stock opened at $43.20 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company’s 50 day moving average price is $42.06 and its 200-day moving average price is $40.08. The stock has a market capitalization of $165.31 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Equities research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

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 dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

Several brokerages have issued reports on CMCSA. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Macquarie lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

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.