Impax Asset Management Group plc Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Impax Asset Management Group plc increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 145.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,919 shares of the cable giant’s stock after purchasing an additional 25,419 shares during the quarter. Impax Asset Management Group plc’s holdings in Comcast were worth $1,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Edgestream Partners L.P. grew its stake in Comcast by 8.0% during the 1st quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock worth $2,080,000 after purchasing an additional 3,553 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Comcast by 17.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 16,540 shares of the cable giant’s stock valued at $717,000 after acquiring an additional 2,400 shares during the last quarter. Covestor Ltd raised its stake in shares of Comcast by 41.6% during the first quarter. Covestor Ltd now owns 6,175 shares of the cable giant’s stock worth $268,000 after purchasing an additional 1,815 shares during the last quarter. Davis R M Inc. lifted its stake in shares of Comcast by 8.3% in the 1st quarter. Davis R M Inc. now owns 71,901 shares of the cable giant’s stock worth $3,117,000 after acquiring an additional 5,502 shares during the period. Finally, Lcnb Corp lifted its position in Comcast by 10.7% in the first quarter. Lcnb Corp now owns 9,514 shares of the cable giant’s stock valued at $412,000 after purchasing an additional 919 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $42.88 on Friday. The firm has a market capitalization of $164.08 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.66 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 stock has a fifty day moving average price of $41.61 and a two-hundred day moving average price of $39.88. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

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

Comcast Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.89%. Comcast’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating 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 research note on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.