Atalanta Sosnoff Capital LLC Boosts Position in Comcast Co. (NASDAQ:CMCSA)

Atalanta Sosnoff Capital LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 48.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,063,808 shares of the cable giant’s stock after purchasing an additional 670,490 shares during the quarter. Comcast accounts for approximately 2.7% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Atalanta Sosnoff Capital LLC’s holdings in Comcast were worth $115,429,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Newton One Investments LLC bought a new position in shares of Comcast in the 2nd quarter worth $28,000. Baron Financial Group LLC lifted its holdings in shares of Comcast by 688.6% in the 2nd quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock worth $31,000 after purchasing an additional 482 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Comcast in the 1st quarter worth $37,000. Lake Point Wealth Management bought a new position in shares of Comcast in the 2nd quarter worth $41,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Comcast by 53.4% in the 2nd quarter. Bogart Wealth LLC now owns 862 shares of the cable giant’s stock worth $49,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

Shares of CMCSA opened at $51.88 on Thursday. The company has a market cap of $237.04 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $54.21 and a 200-day moving average price of $56.61. Comcast Co. has a 12-month low of $48.15 and a 12-month high of $61.80.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The firm had revenue of $30.30 billion during the quarter, compared to the consensus estimate of $29.87 billion. Comcast had a return on equity of 14.88% and a net margin of 12.73%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. As a group, analysts predict that Comcast Co. will post 3.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 26th. Investors of record on Wednesday, January 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. Comcast’s dividend payout ratio is 32.26%.

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Comcast from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, October 8th. Morgan Stanley increased their price target on Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 30th. Raymond James lowered Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, October 11th. Credit Suisse Group increased their price target on Comcast from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. Finally, Pivotal Research decreased their target price on Comcast from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $65.87.

Comcast Company Profile

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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