Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,375 shares of the cable giant’s stock after acquiring an additional 1,385 shares during the quarter. Metis Global Partners LLC’s holdings in Comcast were worth $8,453,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Koshinski Asset Management Inc. increased its position in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after buying an additional 257 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after buying an additional 260 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares during the period. Finally, Saxon Interests Inc. boosted its position in shares of Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after acquiring an additional 262 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. Barclays increased their price target 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. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Stock Down 0.3 %

Comcast stock opened at $43.91 on Thursday. Comcast Co. has a twelve month low of $36.43 and a twelve month 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 company has a 50 day moving average of $41.47 and a 200-day moving average of $39.82. The stock has a market capitalization of $168.02 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. On average, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The company 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 $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 payout ratio is 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.