B. Metzler seel. Sohn & Co. Holding AG Invests $13.79 Million in Comcast Co. (NASDAQ:CMCSA)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the third quarter, Holdings Channel.com reports. The fund acquired 330,087 shares of the cable giant’s stock, valued at approximately $13,788,000.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast in the second quarter valued at $27,000. IAG Wealth Partners LLC increased its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $43.00 on Tuesday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company’s 50 day moving average is $41.67 and its 200 day moving average is $39.93. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $164.54 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.88%. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Macquarie boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

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.