Comcast Co. (NASDAQ:CMCSA) Shares Bought by Fiera Capital Corp

Fiera Capital Corp grew its stake in Comcast Co. (NASDAQ:CMCSA) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,192 shares of the cable giant’s stock after buying an additional 6,469 shares during the quarter. Fiera Capital Corp’s holdings in Comcast were worth $3,976,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CMCSA. 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 position in Comcast in the 2nd quarter worth about $27,000. IAG Wealth Partners LLC boosted its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp raised its stake in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $43.91 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The business has a fifty day moving average of $41.18 and a two-hundred day moving average of $39.71. The stock has a market cap of $168.02 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Comcast Announces Dividend

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 issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.82%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMCSA. Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday. Finally, Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.