Comcast Co. (NASDAQ:CMCSA) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,583,828 shares of the cable giant’s stock after buying an additional 302,744 shares during the quarter. Bank of Montreal Can owned approximately 0.22% of Comcast worth $357,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 4,182,525 shares during the period. Swedbank AB purchased a new position in Comcast in the 1st quarter valued at $93,051,000. Darsana Capital Partners LP increased its stake in Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after buying an additional 2,000,000 shares during the period. SG Americas Securities LLC raised its position in Comcast by 211.7% during the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after buying an additional 1,963,246 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Comcast by 46.5% in the 2nd quarter. National Bank of Canada FI now owns 5,780,524 shares of the cable giant’s stock worth $220,641,000 after acquiring an additional 1,833,811 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.2 %

CMCSA traded down $0.07 during midday trading on Monday, hitting $43.40. The company’s stock had a trading volume of 2,033,509 shares, compared to its average volume of 19,534,988. The firm has a market cap of $166.07 billion, a P/E ratio of 11.69, a PEG ratio of 1.64 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 company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $41.98 and a two-hundred day moving average price of $40.05.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 company 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. On average, research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

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 given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, TD Cowen decreased their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.