Meeder Asset Management Inc. Has $2.77 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Meeder Asset Management Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 271.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,413 shares of the cable giant’s stock after acquiring an additional 48,545 shares during the period. Meeder Asset Management Inc.’s holdings in Comcast were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Edgestream Partners L.P. lifted its holdings in shares of Comcast by 8.0% during the first quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock worth $2,080,000 after buying an additional 3,553 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in Comcast by 50.1% in the 1st quarter. Lake Street Advisors Group LLC now owns 46,838 shares of the cable giant’s stock worth $2,030,000 after purchasing an additional 15,634 shares in the last quarter. Oxford Financial Group LTD. LLC boosted its holdings in Comcast by 8.1% in the 1st quarter. Oxford Financial Group LTD. LLC now owns 5,976 shares of the cable giant’s stock valued at $259,000 after purchasing an additional 449 shares during the period. Pitcairn Co. grew its position in shares of Comcast by 4.7% during the 1st quarter. Pitcairn Co. now owns 59,903 shares of the cable giant’s stock worth $2,597,000 after purchasing an additional 2,714 shares in the last quarter. Finally, InterOcean Capital Group LLC increased its holdings in shares of Comcast by 6.0% during the first quarter. InterOcean Capital Group LLC now owns 11,109 shares of the cable giant’s stock worth $482,000 after purchasing an additional 630 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen cut 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. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted 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. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $46.88.

Comcast Trading Up 0.3 %

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

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.25 EPS 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 dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Comcast 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.