Eagle Asset Management Inc. Has $21.83 Million Position in Comcast Co. (NASDAQ:CMCSA)

Eagle Asset Management Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.6% during the third quarter, HoldingsChannel reports. The firm owned 497,251 shares of the cable giant’s stock after acquiring an additional 47,631 shares during the quarter. Eagle Asset Management Inc.’s holdings in Comcast were worth $21,834,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. EntryPoint Capital LLC grew its holdings in shares of Comcast by 47.6% during the first quarter. EntryPoint Capital LLC now owns 2,231 shares of the cable giant’s stock worth $97,000 after buying an additional 719 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Comcast during the first quarter worth about $773,000. Kestra Advisory Services LLC grew its holdings in shares of Comcast by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 272,668 shares of the cable giant’s stock worth $11,820,000 after buying an additional 11,077 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares in the last quarter. Finally, QVR LLC bought a new position in Comcast in the first quarter valued at approximately $398,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $43.47 on Friday. The stock has a market capitalization of $166.34 billion, a PE ratio of 11.69, a P/E/G ratio of 1.60 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day moving average price of $41.98 and a two-hundred day moving average price of $40.03. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. TD Cowen decreased their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Company 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.