Comcast Co. (NASDAQ:CMCSA) Shares Bought by Empirical Finance LLC

Empirical Finance LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,525 shares of the cable giant’s stock after buying an additional 2,311 shares during the quarter. Empirical Finance LLC’s holdings in Comcast were worth $6,622,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC increased its position in shares of Comcast by 5.3% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 10,016 shares of the cable giant’s stock worth $418,000 after purchasing an additional 500 shares during the last quarter. CIBC Asset Management Inc increased its stake in Comcast by 4.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,304,388 shares of the cable giant’s stock valued at $54,484,000 after buying an additional 51,749 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Comcast by 145.3% during the 3rd quarter. Impax Asset Management Group plc now owns 42,919 shares of the cable giant’s stock valued at $1,793,000 after purchasing an additional 25,419 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Comcast by 0.8% during the third quarter. OneDigital Investment Advisors LLC now owns 84,230 shares of the cable giant’s stock valued at $3,518,000 after acquiring an additional 655 shares during the period. Finally, Oak Harbor Wealth Partners LLC increased its holdings in shares of Comcast by 9.6% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 44,232 shares of the cable giant’s stock worth $1,848,000 after purchasing an additional 3,865 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.2 %

CMCSA opened at $43.40 on Friday. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50-day simple moving average of $41.47 and a two-hundred day simple moving average of $39.82. The company has a market capitalization of $166.07 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. Analysts forecast that Comcast Co. will post 4.25 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. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CMCSA shares. Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.