Catalina Capital Group LLC Has $853,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Catalina Capital Group LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,410 shares of the cable giant’s stock after acquiring an additional 1,711 shares during the period. Catalina Capital Group LLC’s holdings in Comcast were worth $853,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Capital World Investors lifted its position in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after acquiring an additional 10,809,231 shares during the last quarter. Finally, First Pacific Advisors LP raised its holdings 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 acquiring an additional 219,894 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.1 %

Shares of NASDAQ CMCSA opened at $42.56 on Wednesday. The stock has a market capitalization of $164.81 billion, a P/E ratio of 11.44, a PEG ratio of 1.14 and a beta of 1.00. The stock’s fifty day moving average is $40.89 and its 200 day moving average is $39.62. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. 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 issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the company earned $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.