Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,375 shares of the cable giant’s stock after purchasing an additional 1,385 shares during the period. Metis Global Partners LLC’s holdings in Comcast were worth $8,453,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CMCSA. Fairscale Capital LLC acquired a new stake in Comcast during the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast in the second quarter valued at $27,000. IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp increased its position in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a report on Friday, November 1st. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Finally, TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $43.91 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The stock has a market cap of $168.02 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. The firm has a 50 day simple moving average of $41.47 and a 200-day simple moving average of $39.82.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.