Comcast Co. (NASDAQ:CMCSA) Stake Increased by Canton Hathaway LLC

Canton Hathaway LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,628 shares of the cable giant’s stock after purchasing an additional 1,461 shares during the period. Canton Hathaway LLC’s holdings in Comcast were worth $1,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. FMR LLC increased its stake in shares of Comcast by 12.0% in the second quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock worth $6,425,236,000 after acquiring an additional 12,066,751 shares during the last quarter. Invesco Ltd. increased its stake in shares of Comcast by 27.4% in the second quarter. Invesco Ltd. now owns 34,835,280 shares of the cable giant’s stock worth $1,986,305,000 after acquiring an additional 7,499,137 shares during the last quarter. Capital International Investors increased its stake in shares of Comcast by 2.9% in the second quarter. Capital International Investors now owns 226,174,387 shares of the cable giant’s stock worth $12,895,902,000 after acquiring an additional 6,432,001 shares during the last quarter. Amundi acquired a new position in shares of Comcast in the second quarter worth $333,562,000. Finally, Morgan Stanley increased its stake in shares of Comcast by 10.9% in the second quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant’s stock worth $2,329,271,000 after acquiring an additional 3,998,777 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

Shares of NASDAQ CMCSA traded down $0.16 during mid-day trading on Thursday, hitting $51.88. The company had a trading volume of 10,120,097 shares, compared to its average volume of 16,617,023. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day simple moving average is $54.21 and its 200-day simple moving average is $56.61. Comcast Co. has a 12 month low of $48.15 and a 12 month high of $61.80. The firm has a market cap of $237.04 billion, a P/E ratio of 16.74, a PEG ratio of 1.06 and a beta of 0.96.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.12. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The business had revenue of $30.30 billion during the quarter, compared to analysts’ expectations of $29.87 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts predict that Comcast Co. will post 3.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 26th. Investors of record on Wednesday, January 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, January 4th. Comcast’s payout ratio is presently 32.26%.

Several equities analysts have commented on CMCSA shares. TD Securities lowered their target price on shares of Comcast from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Raymond James downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, October 11th. Barclays lowered their target price on shares of Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, November 1st. BNP Paribas started coverage on shares of Comcast in a research report on Monday, September 27th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Pivotal Research lowered their target price on shares of Comcast from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Buy” and an average price target of $65.87.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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