Comcast Corporation $CMCSA Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,549,714 shares of the cable giant’s stock after acquiring an additional 363,552 shares during the period. Douglas Lane & Associates LLC’s holdings in Comcast were worth $55,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Comcast by 3.4% during the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after purchasing an additional 6,117,946 shares during the period. Invesco Ltd. lifted its stake in Comcast by 10.0% during the 4th quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after acquiring an additional 3,952,642 shares during the period. Bank of America Corp DE boosted its holdings in shares of Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after acquiring an additional 3,783,234 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comcast by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock worth $845,919,000 after acquiring an additional 507,097 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Comcast by 3.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,217,107 shares of the cable giant’s stock valued at $843,409,000 after purchasing an additional 919,555 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CMCSA shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $28.00 price objective on shares of Comcast in a research note on Monday, July 13th. Scotiabank decreased their target price on shares of Comcast from $29.00 to $27.50 and set a “sector perform” rating for the company in a research note on Friday, October 2nd. Weiss Ratings lowered shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. Finally, Freedom Capital upgraded Comcast to a “hold” rating in a report on Friday, June 12th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.00.

Comcast Trading Down 3.0%

CMCSA traded down $0.64 during trading hours on Friday, reaching $20.57. The company’s stock had a trading volume of 12,373,206 shares, compared to its average volume of 32,724,820. Comcast Corporation has a fifty-two week low of $20.54 and a fifty-two week high of $32.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $73.01 billion, a PE ratio of 6.65, a P/E/G ratio of 1.50 and a beta of 0.68. The business’s 50-day moving average is $24.58 and its 200-day moving average is $25.13.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. As a group, equities research analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.