Natixis Advisors LLC Has $126.81 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Natixis Advisors LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 0.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,035,805 shares of the cable giant’s stock after selling 885 shares during the period. Natixis Advisors LLC owned about 0.08% of Comcast worth $126,805,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC acquired a new position in Comcast in the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC raised its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Finally, Archer Investment Corp boosted its stake in 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 buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CMCSA. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Down 1.4 %

Shares of NASDAQ:CMCSA opened at $42.88 on Friday. The company has a 50 day moving average price of $41.61 and a two-hundred day moving average price of $39.87. The company has a market capitalization of $164.08 billion, a PE ratio of 11.53, a PEG ratio of 1.66 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 earnings per share. Analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 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.