Impax Asset Management Group plc Purchases 25,419 Shares of Comcast Co. (NASDAQ:CMCSA)

Impax Asset Management Group plc lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 145.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,919 shares of the cable giant’s stock after purchasing an additional 25,419 shares during the period. Impax Asset Management Group plc’s holdings in Comcast were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its holdings in Comcast by 7.4% during the 1st 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 raised its position in shares of Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after acquiring an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in 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 acquiring an additional 10,809,231 shares during the last quarter. Finally, First Pacific Advisors LP increased its position in Comcast by 2.1% during the 2nd 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 during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.1 %

NASDAQ:CMCSA opened at $42.56 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market cap of $164.81 billion, a PE ratio of 11.44, a PEG ratio of 1.14 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 has a 50-day moving average of $40.89 and a 200-day moving average of $39.62.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 4.27 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Barclays raised their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.