Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Parnassus Investments LLC

Parnassus Investments LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,920,800 shares of the cable giant’s stock after purchasing an additional 68,139 shares during the period. Parnassus Investments LLC’s holdings in Comcast were worth $80,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after purchasing an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 worth $1,214,512,000 after purchasing an additional 8,243,302 shares during the last quarter. First Pacific Advisors LP boosted its position in 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. Finally, Canada Pension Plan Investment Board grew its holdings in Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.3 %

NASDAQ:CMCSA opened at $43.00 on Tuesday. The stock has a 50-day simple moving average of $41.67 and a 200 day simple moving average of $39.93. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market capitalization of $164.54 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. 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 (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. Sell-side analysts predict 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. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

About Comcast

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.