ICICI Prudential Asset Management Co Ltd Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,648 shares of the cable giant’s stock after buying an additional 16,832 shares during the period. Comcast comprises 1.5% of ICICI Prudential Asset Management Co Ltd’s investment portfolio, making the stock its 12th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Comcast were worth $14,229,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast during the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Finally, Archer Investment Corp increased its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.2 %

NASDAQ:CMCSA traded down $0.08 during trading hours on Wednesday, hitting $43.96. 1,781,898 shares of the company’s stock traded hands, compared to its average volume of 19,583,947. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market cap of $168.21 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.68 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. The stock’s fifty day moving average price is $41.36 and its two-hundred day moving average price is $39.79.

Comcast (NASDAQ:CMCSA) last released its 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. 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 the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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 given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $46.75.

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.