Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,015 shares of the cable giant’s stock after purchasing an additional 17,471 shares during the quarter. Vinva Investment Management Ltd’s holdings in Comcast were worth $7,579,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Macquarie boosted their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Trading Down 0.2 %

NASDAQ:CMCSA opened at $42.56 on Thursday. The stock has a market cap of $162.86 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.63 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. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The business has a fifty day moving average of $42.18 and a 200-day moving average of $40.12.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for 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 firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 earnings per share. Equities analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Comcast 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.