Comcast Co. (NASDAQ:CMCSA) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 96.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,172 shares of the cable giant’s stock after buying an additional 6,940 shares during the period. LS Investment Advisors LLC’s holdings in Comcast were worth $592,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Portside Wealth Group LLC boosted its position in shares of Comcast by 14.2% in the third quarter. Portside Wealth Group LLC now owns 25,968 shares of the cable giant’s stock worth $1,085,000 after buying an additional 3,225 shares during the period. Hara Capital LLC raised its stake in shares of Comcast by 45.2% during the third quarter. Hara Capital LLC now owns 8,174 shares of the cable giant’s stock valued at $341,000 after purchasing an additional 2,545 shares during the period. JB Capital LLC lifted its position in shares of Comcast by 5.5% during the third quarter. JB Capital LLC now owns 416,676 shares of the cable giant’s stock worth $17,405,000 after purchasing an additional 21,815 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in shares of Comcast by 23.3% in the third quarter. Olstein Capital Management L.P. now owns 111,000 shares of the cable giant’s stock valued at $4,636,000 after purchasing an additional 21,000 shares during the period. Finally, Washington Trust Bank grew its holdings in Comcast by 1.6% during the 3rd quarter. Washington Trust Bank now owns 269,708 shares of the cable giant’s stock valued at $11,266,000 after purchasing an additional 4,256 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $44.19 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a 50 day simple moving average of $41.00 and a 200-day simple moving average of $39.66. The company has a market cap of $171.13 billion, a PE ratio of 11.88, a P/E/G ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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. 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 period in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Friday, November 1st. Barclays raised 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. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday. One 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 has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.