Comcast Co. (NASDAQ:CMCSA) Holdings Raised by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 50.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 177,945 shares of the cable giant’s stock after acquiring an additional 59,504 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Comcast were worth $7,433,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after buying an additional 1,000,626 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after purchasing an additional 416,759 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares during the last quarter. First Pacific Advisors LP raised its holdings in shares of Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after purchasing an additional 219,894 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Comcast by 7.8% in the 2nd quarter. Van ECK Associates Corp now owns 9,886,479 shares of the cable giant’s stock worth $387,155,000 after purchasing an additional 713,330 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CMCSA shares. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Macquarie upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $43.47 on Monday. The firm has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.64 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $41.98 and a 200 day simple moving average of $40.05.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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. 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 previous year, the company earned $1.08 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Comcast 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.