Concord Asset Management LLC VA Increases Position in Comcast Co. (NASDAQ:CMCSA)

Concord Asset Management LLC VA increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 51,424 shares of the cable giant’s stock after buying an additional 5,405 shares during the period. Concord Asset Management LLC VA’s holdings in Comcast were worth $2,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Capital Investment Advisors LLC grew its holdings in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after purchasing an additional 1,550 shares during the period. First Hawaiian Bank lifted its position in shares of Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after buying an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in shares of Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the period. Wulff Hansen & CO. increased its holdings in Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after acquiring an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Comcast in the 1st quarter valued at about $773,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several recent research reports. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective 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. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Finally, Barclays boosted 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, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Trading Down 1.4 %

Shares of CMCSA opened at $42.88 on Friday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a market capitalization of $164.08 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $41.61 and its 200 day simple moving average is $39.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. Sell-side analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.