Charles Schwab Investment Management Inc. Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Charles Schwab Investment Management Inc. lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,871,235 shares of the cable giant’s stock after acquiring an additional 416,759 shares during the period. Charles Schwab Investment Management Inc. owned 0.83% of Comcast worth $1,331,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in shares of Comcast by 2.6% in the third quarter. Pacer Advisors Inc. now owns 476,352 shares of the cable giant’s stock valued at $19,897,000 after purchasing an additional 12,009 shares in the last quarter. Cornerstone Advisors LLC grew its position in Comcast by 11.7% in the third quarter. Cornerstone Advisors LLC now owns 218,100 shares of the cable giant’s stock worth $9,110,000 after acquiring an additional 22,800 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of Comcast by 0.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 286,802 shares of the cable giant’s stock valued at $11,980,000 after purchasing an additional 1,443 shares during the last quarter. Payden & Rygel increased its position in shares of Comcast by 51.9% during the 3rd quarter. Payden & Rygel now owns 29,570 shares of the cable giant’s stock valued at $1,235,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Altman Advisors Inc. lifted its position in Comcast by 1.6% in the third quarter. Altman Advisors Inc. now owns 44,662 shares of the cable giant’s stock worth $1,866,000 after buying an additional 718 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 0.7 %

Shares of NASDAQ:CMCSA opened at $42.71 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $163.43 billion, a PE ratio of 11.56, a PEG ratio of 1.60 and a beta of 1.00. The business has a 50 day moving average of $41.82 and a two-hundred day moving average of $39.97. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.08 earnings per share. As a group, analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on CMCSA shares. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.19.

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.