Impax Asset Management Group plc Has $1.79 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Impax Asset Management Group plc lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 145.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,919 shares of the cable giant’s stock after buying an additional 25,419 shares during the period. Impax Asset Management Group plc’s holdings in Comcast were worth $1,793,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Koshinski Asset Management Inc. increased its holdings in Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its position in Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares in the last quarter. Greenwich Wealth Management LLC raised its position in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares during the period. Finally, Saxon Interests Inc. raised its position in shares of Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $42.88 on Friday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.66 and a beta of 1.00. The company’s fifty day moving average price is $41.61 and its 200-day moving average price is $39.88.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 analysts’ expectations of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.