Robeco Institutional Asset Management B.V. Purchases 2,464,361 Shares of Comcast Corporation $CMCSA

Robeco Institutional Asset Management B.V. lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 34.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,634,612 shares of the cable giant’s stock after buying an additional 2,464,361 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Comcast were worth $209,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Rare Wolf Capital LLC boosted its position in shares of Comcast by 32.5% during the 3rd quarter. Rare Wolf Capital LLC now owns 21,661 shares of the cable giant’s stock valued at $471,000 after acquiring an additional 5,315 shares during the last quarter. Cypress Capital LLC increased its position in Comcast by 1.8% during the third quarter. Cypress Capital LLC now owns 54,971 shares of the cable giant’s stock worth $1,196,000 after purchasing an additional 966 shares during the last quarter. Net Worth Advisory Group increased its position in Comcast by 42.8% during the third quarter. Net Worth Advisory Group now owns 15,705 shares of the cable giant’s stock worth $341,000 after purchasing an additional 4,709 shares during the last quarter. CWA Asset Management Group LLC raised its stake in Comcast by 9.1% during the third quarter. CWA Asset Management Group LLC now owns 13,189 shares of the cable giant’s stock worth $287,000 after purchasing an additional 1,099 shares during the period. Finally, Columbia Asset Management raised its stake in Comcast by 5.1% during the third quarter. Columbia Asset Management now owns 32,620 shares of the cable giant’s stock worth $710,000 after purchasing an additional 1,570 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $31 price target, implying substantial upside from recent trading levels. Comcast’s Buy Rating Reiterated at Rosenblatt Securities
• Positive Sentiment: Comcast’s low valuation and roughly 6.3% dividend yield are attracting value investors; billionaire investor David Einhorn reportedly added a new CMCSA position. Comcast Stock Has an Attractive Valuation and Offers a Dividend Yield of 6.32%
• Positive Sentiment: Investors may be positioning for another earnings beat, with streaming and studio businesses expected to provide support ahead of the October 22 third-quarter report. Comcast Gears Up to Report Q3 Earnings
• Neutral Sentiment: Analysts expect third-quarter earnings of approximately $0.98 per share, one cent below the estimate from 30 days earlier. Key metrics, including broadband, wireless, streaming and theme-park performance, will likely determine the stock’s next move. Comcast Gears Up to Report Q3 Earnings
• Negative Sentiment: Put-option volume surged to 77,125 contracts, about 122% above normal, indicating increased short-term hedging or bearish speculation around the earnings event.
• Negative Sentiment: Bearish commentary argues that Comcast needs a turnaround while customers increasingly expect promotional offers, potentially pressuring revenue and profitability. Broadband weakness, softer theme-park demand and higher spending remain additional risks. Comcast: Wall Street Wants a Turnaround, Customers Want More Freebies

Comcast Stock Up 2.1%

Shares of NASDAQ:CMCSA opened at $22.36 on Wednesday. The company has a market capitalization of $79.35 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.57 and a beta of 0.68. Comcast Corporation has a 12-month low of $20.48 and a 12-month high of $32.85. The business has a 50-day moving average price of $24.01 and a 200 day moving average price of $24.72. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.

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. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.9%. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Moffett Nathanson decreased their target price on shares of Comcast from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. UBS Group reaffirmed a “neutral” rating and set a $27.00 price target (down from $32.00) on shares of Comcast in a research report on Tuesday, September 15th. Citigroup reduced their price target on shares of Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Finally, Morgan Stanley decreased their price objective on Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Eleven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and an average price target of $30.81.

Comcast Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.