Charles Schwab Investment Management Inc. Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

Charles Schwab Investment Management Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 31,871,235 shares of the cable giant’s stock after acquiring an additional 416,759 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Comcast were worth $1,331,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter valued at about $26,000. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Archer Investment Corp raised its position in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.7 %

Shares of Comcast stock opened at $42.71 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company’s 50-day simple moving average is $41.82 and its 200-day simple moving average is $39.97. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a market cap of $163.43 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current 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 2.90%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie lifted their target price on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

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.