Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lifted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,067 shares of the cable giant’s stock after purchasing an additional 28,931 shares during the period. Oppenheimer & Co. Inc.’s holdings in Comcast were worth $8,273,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Comcast by 28.3% in the 1st quarter. Brighton Jones LLC now owns 182,732 shares of the cable giant’s stock worth $7,921,000 after purchasing an additional 40,311 shares during the last quarter. Lindenwold Advisors INC boosted its holdings in shares of Comcast by 2.9% during the 1st quarter. Lindenwold Advisors INC now owns 30,665 shares of the cable giant’s stock worth $1,329,000 after buying an additional 860 shares during the period. Cumberland Partners Ltd grew its stake in Comcast by 41.3% in the 1st quarter. Cumberland Partners Ltd now owns 55,500 shares of the cable giant’s stock valued at $2,406,000 after buying an additional 16,213 shares during the last quarter. 1ST Source Bank raised its holdings in Comcast by 2.5% in the 1st quarter. 1ST Source Bank now owns 24,590 shares of the cable giant’s stock worth $1,066,000 after acquiring an additional 608 shares during the period. Finally, Motco boosted its holdings in Comcast by 2.3% during the first quarter. Motco now owns 349,628 shares of the cable giant’s stock valued at $15,156,000 after acquiring an additional 7,789 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CMCSA. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted 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 given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 0.3 %

Shares of Comcast stock opened at $43.91 on Thursday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The stock has a market cap of $168.02 billion, a PE ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00. The firm has a 50-day moving average of $41.36 and a 200-day moving average of $39.79. 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 earnings per share 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 firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm 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 dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.