Sumitomo Mitsui Trust Group Inc. Purchases 18,315 Shares of Comcast Co. (NASDAQ:CMCSA)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% in the third quarter, HoldingsChannel reports. The firm owned 10,884,307 shares of the cable giant’s stock after acquiring an additional 18,315 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Comcast were worth $454,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ontario Teachers Pension Plan Board grew its stake in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. Capital World Investors raised its stake in shares of Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after acquiring an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMCSA. Wells Fargo & Company increased their price objective on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Stock Up 0.7 %

Comcast stock opened at $44.20 on Tuesday. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market cap of $169.13 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. The business’s 50-day moving average price is $41.27 and its 200 day moving average price is $39.75. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. As a group, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

About Comcast

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.