Hermes Investment Management Ltd. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 30.4% during the third quarter, Holdings Channel reports. The institutional investor owned 877,304 shares of the cable giant’s stock after buying an additional 204,459 shares during the period. Comcast Corporation comprises approximately 1.0% of Hermes Investment Management Ltd.’s holdings, making the stock its 29th largest position. Hermes Investment Management Ltd.’s holdings in Comcast Corporation were worth $58,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Baker Ellis Asset Management LLC raised its position in Comcast Corporation by 3.7% in the third quarter. Baker Ellis Asset Management LLC now owns 25,281 shares of the cable giant’s stock worth $1,677,000 after buying an additional 900 shares during the period. Nelson Roberts Investment Advisors LLC raised its position in Comcast Corporation by 39.6% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 3,526 shares of the cable giant’s stock worth $234,000 after buying an additional 1,000 shares during the period. River Road Asset Management LLC raised its position in Comcast Corporation by 38.7% in the third quarter. River Road Asset Management LLC now owns 99,716 shares of the cable giant’s stock worth $6,615,000 after buying an additional 27,844 shares during the period. Tower Bridge Advisors increased its stake in shares of Comcast Corporation by 22.5% in the third quarter. Tower Bridge Advisors now owns 65,848 shares of the cable giant’s stock valued at $4,368,000 after buying an additional 12,086 shares in the last quarter. Finally, Nwam LLC increased its stake in shares of Comcast Corporation by 34.7% in the third quarter. Nwam LLC now owns 16,739 shares of the cable giant’s stock valued at $1,110,000 after buying an additional 4,316 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (NASDAQ:CMCSA) opened at 72.77 on Friday. The stock has a market capitalization of $174.13 billion, a P/E ratio of 21.35 and a beta of 1.11. Comcast Corporation has a 1-year low of $52.34 and a 1-year high of $72.94. The firm’s 50 day moving average is $69.63 and its 200 day moving average is $66.56.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Wednesday, October 26th. The cable giant reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The company earned $21.32 billion during the quarter, compared to analyst estimates of $21.11 billion. Comcast Corporation had a net margin of 10.65% and a return on equity of 15.22%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities research analysts anticipate that Comcast Corporation will post $3.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, December 30th. Comcast Corporation’s dividend payout ratio is 32.26%.

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Several analysts have recently commented on CMCSA shares. Jefferies Group reiterated a “buy” rating and issued a $77.00 target price on shares of Comcast Corporation in a report on Friday, October 7th. Macquarie upgraded shares of Comcast Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $69.00 to $77.00 in a report on Monday, October 24th. Barclays PLC restated an “overweight” rating and set a $70.00 price objective on shares of Comcast Corporation in a report on Thursday, September 22nd. Argus restated a “buy” rating and set a $81.00 price objective on shares of Comcast Corporation in a report on Tuesday, September 27th. Finally, Robert W. Baird restated an “outperform” rating and set a $70.00 price objective on shares of Comcast Corporation in a report on Sunday, September 25th. Twenty analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $75.46.

In other Comcast Corporation news, EVP Arthur R. Block sold 1,680 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $70.80, for a total value of $118,944.00. Following the completion of the transaction, the executive vice president now directly owns 47,853 shares in the company, valued at approximately $3,387,992.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David L. Cohen sold 20,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $65.01, for a total value of $1,306,701.00. Following the completion of the transaction, the executive vice president now owns 257,120 shares of the company’s stock, valued at $16,715,371.20. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by corporate insiders.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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