Comcast Co. (NASDAQ:CMCSA) Holdings Boosted by Intact Investment Management Inc.

Intact Investment Management Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 25.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 335,650 shares of the cable giant’s stock after purchasing an additional 68,050 shares during the period. Intact Investment Management Inc.’s holdings in Comcast were worth $13,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Searle & CO. boosted its holdings in shares of Comcast by 3.4% during the second quarter. Searle & CO. now owns 23,870 shares of the cable giant’s stock worth $935,000 after purchasing an additional 784 shares during the period. Integral Investment Advisors Inc. boosted its stake in shares of Comcast by 18.2% during the 2nd quarter. Integral Investment Advisors Inc. now owns 12,675 shares of the cable giant’s stock valued at $485,000 after buying an additional 1,956 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Comcast during the 2nd quarter valued at $14,294,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Comcast by 12.8% in the second quarter. DiNuzzo Private Wealth Inc. now owns 3,165 shares of the cable giant’s stock worth $124,000 after acquiring an additional 358 shares during the last quarter. Finally, Wolf Group Capital Advisors purchased a new stake in shares of Comcast during the second quarter worth $212,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $39.57 on Friday. The stock has a market capitalization of $155.26 billion, a PE ratio of 10.47, a P/E/G ratio of 1.07 and a beta of 1.00. The stock has a 50-day simple moving average of $39.14 and a 200 day simple moving average of $39.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. Research analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.13%. Comcast’s dividend payout ratio is 32.80%.

Analyst Ratings Changes

Several research analysts have weighed in on CMCSA shares. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Monday, May 13th. The Goldman Sachs Group started coverage on shares of Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. Finally, Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.78.

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.