Natixis Advisors LLC Has $126.81 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Natixis Advisors LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 0.0% during the third quarter, Holdings Channel.com reports. The fund owned 3,035,805 shares of the cable giant’s stock after selling 885 shares during the period. Natixis Advisors LLC’s holdings in Comcast were worth $126,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its holdings in shares of Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the period. Allstate Corp raised its stake in Comcast by 2.4% in the first quarter. Allstate Corp now owns 13,719 shares of the cable giant’s stock valued at $595,000 after buying an additional 321 shares during the period. Chiron Capital Management LLC lifted its position in shares of Comcast by 8.0% in the first quarter. Chiron Capital Management LLC now owns 5,888 shares of the cable giant’s stock valued at $255,000 after buying an additional 438 shares during the last quarter. Strait & Sound Wealth Management LLC boosted its stake in shares of Comcast by 3.4% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 12,241 shares of the cable giant’s stock worth $491,000 after acquiring an additional 400 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in shares of Comcast by 8.0% during the 1st quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock worth $2,080,000 after acquiring an additional 3,553 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.4 %

Shares of NASDAQ CMCSA opened at $42.88 on Friday. The stock has a market capitalization of $164.08 billion, a P/E ratio of 11.53, a PEG ratio of 1.66 and a beta of 1.00. The stock’s fifty day moving average is $41.61 and its 200 day moving average is $39.87. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed 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 is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.89%. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMCSA. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, October 30th. Finally, Scotiabank raised 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 research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.75.

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.