119,806 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 119,806 shares of the cable giant’s stock, valued at approximately $5,004,000.

Several other hedge funds have also added to or reduced their stakes in the business. Steph & Co. grew its holdings in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast during the second quarter valued at $27,000. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC purchased a new position in shares of Comcast in the 4th quarter worth $32,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Pivotal Research dropped their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Stock Down 0.7 %

CMCSA opened at $41.10 on Friday. The business has a 50 day moving average price of $39.95 and a 200 day moving average price of $39.49. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $159.16 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.02%. Comcast’s dividend payout ratio is 32.98%.

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.