Mercer Global Advisors Inc. ADV Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Mercer Global Advisors Inc. ADV grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 416,863 shares of the cable giant’s stock after acquiring an additional 4,750 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Comcast were worth $23,769,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital International Investors lifted its position in shares of Comcast by 1.8% during the first quarter. Capital International Investors now owns 219,742,386 shares of the cable giant’s stock worth $11,891,228,000 after acquiring an additional 3,887,251 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Comcast by 1.8% during the first quarter. Geode Capital Management LLC now owns 72,789,157 shares of the cable giant’s stock worth $3,927,697,000 after acquiring an additional 1,296,417 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Comcast by 10.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,894,126 shares of the cable giant’s stock worth $2,862,101,000 after acquiring an additional 5,155,779 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Comcast by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 45,240,994 shares of the cable giant’s stock worth $2,447,991,000 after acquiring an additional 690,504 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Comcast by 2.8% in the first quarter. Nuveen Asset Management LLC now owns 38,203,429 shares of the cable giant’s stock worth $2,067,188,000 after purchasing an additional 1,025,326 shares during the period. Hedge funds and other institutional investors own 82.49% of the company’s stock.

Comcast stock opened at $55.54 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average of $58.89 and a 200-day moving average of $57.00. The firm has a market cap of $254.91 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.20 and a beta of 1.02. Comcast Co. has a 1-year low of $40.97 and a 1-year high of $61.80.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.17. The company had revenue of $28.55 billion during the quarter, compared to analyst estimates of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. Research analysts forecast that Comcast Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Shareholders of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 5th. This represents a $1.00 annualized dividend and a yield of 1.80%. Comcast’s dividend payout ratio (DPR) is presently 38.31%.

Several research analysts have recently weighed in on the stock. Benchmark upped their price target on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 12th. Raymond James upped their price target on shares of Comcast from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, July 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Pivotal Research upped their price target on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Finally, Redburn Partners assumed coverage on shares of Comcast in a report on Friday, June 25th. They issued a “buy” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $64.93.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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