Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the 3rd quarter, Holdings Channel reports. The firm owned 88,662 shares of the cable giant’s stock after buying an additional 1,271 shares during the period. Valley Wealth Managers Inc.’s holdings in Comcast were worth $3,703,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CMCSA. Ontario Teachers Pension Plan Board increased its stake in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the last quarter. Capital World Investors increased its stake in Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after purchasing an additional 7,929,963 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock traded down $0.11 during trading on Friday, hitting $43.37. The company had a trading volume of 1,966,154 shares, compared to its average volume of 19,550,268. The company has a fifty day moving average price of $41.54 and a two-hundred day moving average price of $39.84. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market cap of $165.96 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.66 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. Equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Comcast’s payout ratio is 33.33%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research reports. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Finally, Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

About Comcast

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.