Penserra Capital Management LLC Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Penserra Capital Management LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,636 shares of the cable giant’s stock after buying an additional 1,566 shares during the period. Penserra Capital Management LLC’s holdings in Comcast were worth $2,072,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Comcast during the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast in the second quarter worth $27,000. IAG Wealth Partners LLC raised its position in shares of Comcast by 204.7% during the 2nd 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 during the period. McClarren Financial Advisors Inc. lifted its stake in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMCSA. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen dropped 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 lifted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Price Performance

CMCSA opened at $43.20 on Tuesday. The company has a market capitalization of $165.31 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.64 and a beta of 1.00. 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 12-month low of $36.43 and a 12-month high of $47.11. The business’s fifty day simple moving average is $42.06 and its 200-day simple moving average is $40.08.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (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 the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. On average, equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. Comcast’s dividend payout ratio (DPR) is presently 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.