Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,450 shares of the cable giant’s stock after acquiring an additional 21,800 shares during the quarter. Intact Investment Management Inc.’s holdings in Comcast were worth $14,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors grew its position in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after purchasing an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Comcast by 41.7% in the first 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 purchasing an additional 8,243,302 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its holdings 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 purchasing an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP lifted its holdings in shares of Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after purchasing an additional 219,894 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCSA shares. Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday. 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 research note on Friday. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Stock Performance

Shares of CMCSA stock opened at $43.56 on Monday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50 day moving average price of $40.80 and a 200 day moving average price of $39.58. The firm has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $31.78 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 4.24 EPS for the current year.

Comcast Dividend Announcement

The firm 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 $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

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.