Comcast Co. (NASDAQ:CMCSA) Shares Purchased by IFM Investors Pty Ltd
IFM Investors Pty Ltd raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 376,674 shares of the cable giant’s stock after buying an additional 42,777 shares during the quarter. Comcast comprises about 0.7% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 24th biggest position. IFM Investors Pty Ltd’s holdings in Comcast were worth $17,425,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in CMCSA. Rockbridge Investment Management LCC acquired a new stake in shares of Comcast during the second quarter worth $29,000. Asset Advisors Investment Management LLC acquired a new stake in shares of Comcast during the second quarter worth $32,000. Evolution Wealth Advisors LLC boosted its holdings in shares of Comcast by 68.5% during the second quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock worth $33,000 after purchasing an additional 342 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Comcast during the second quarter worth $33,000. Finally, Campbell Wealth Management acquired a new stake in shares of Comcast during the second quarter worth $39,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.
CMCSA has been the topic of several analyst reports. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Rosenblatt Securities increased their target price on Comcast from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Credit Suisse Group increased their target price on Comcast from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $47.00 to $53.00 in a research report on Monday, August 3rd. Finally, Morgan Stanley increased their target price on Comcast from $49.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.18.
Shares of Comcast stock traded up $0.45 during trading hours on Friday, hitting $45.56. 13,361,955 shares of the company’s stock traded hands, compared to its average volume of 22,320,676. The stock has a 50 day simple moving average of $45.21 and a 200-day simple moving average of $41.02. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. The company has a market cap of $208.12 billion, a PE ratio of 18.30, a PEG ratio of 1.91 and a beta of 0.93. Comcast Co. has a twelve month low of $31.70 and a twelve month high of $47.74.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The company had revenue of $23.72 billion during the quarter, compared to the consensus estimate of $23.56 billion. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The company’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, equities research analysts predict that Comcast Co. will post 2.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.02%. Comcast’s dividend payout ratio is presently 29.39%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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