Comcast Co. (NASDAQ:CMCSA) Shares Bought by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 20.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 669,393 shares of the cable giant’s stock after acquiring an additional 112,134 shares during the period. Comcast comprises 1.4% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 26th biggest position. Dixon Mitchell Investment Counsel Inc.’s holdings in Comcast were worth $29,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Comcast in the 4th quarter worth approximately $2,542,988,000. Capital World Investors lifted its position in Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after acquiring an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC lifted its holdings in shares of Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after purchasing an additional 2,772,190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Comcast by 215.7% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock worth $158,835,000 after acquiring an additional 2,474,946 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new position in Comcast during the 4th quarter worth $108,332,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. Evercore ISI decreased their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday. Macquarie cut their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. The Goldman Sachs Group assumed coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.53.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is available through this link. 1.26% of the stock is currently owned by corporate insiders.

Comcast Trading Down 0.0 %

Shares of NASDAQ:CMCSA traded down $0.01 during mid-day trading on Tuesday, reaching $38.16. The stock had a trading volume of 15,706,968 shares, compared to its average volume of 20,601,395. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market cap of $149.73 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The firm has a 50 day simple moving average of $38.67 and a two-hundred day simple moving average of $41.32.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. Comcast’s dividend payout ratio is 32.80%.

Comcast Company 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.