WCM Investment Management LLC Has $1.89 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

WCM Investment Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 343.9% during the third quarter, Holdings Channel.com reports. The firm owned 45,440 shares of the cable giant’s stock after acquiring an additional 35,204 shares during the quarter. WCM Investment Management LLC’s holdings in Comcast were worth $1,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Nations Financial Group Inc. IA ADV lifted its position in shares of Comcast by 9.4% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,689 shares of the cable giant’s stock worth $2,243,000 after purchasing an additional 4,617 shares during the period. Loudon Investment Management LLC grew its holdings in Comcast by 4.0% during the 3rd quarter. Loudon Investment Management LLC now owns 104,440 shares of the cable giant’s stock worth $4,362,000 after acquiring an additional 4,000 shares during the period. Access Investment Management LLC bought a new position in shares of Comcast in the 3rd quarter worth about $1,830,000. Buckingham Capital Management Inc. boosted its position in shares of Comcast by 2.7% during the 3rd quarter. Buckingham Capital Management Inc. now owns 37,662 shares of the cable giant’s stock valued at $1,573,000 after purchasing an additional 989 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. grew its stake in Comcast by 11.3% during the third quarter. Bond & Devick Financial Network Inc. now owns 9,982 shares of the cable giant’s stock worth $417,000 after purchasing an additional 1,012 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA stock opened at $44.20 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $169.13 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.66 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm’s 50-day simple moving average is $41.18 and its two-hundred day simple moving average is $39.70.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company earned $1.08 earnings per share. Comcast’s revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast 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. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.81%. Comcast’s dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMCSA. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. KeyCorp upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.