Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 10.6% in the third quarter, HoldingsChannel reports. The firm owned 182,015 shares of the cable giant’s stock after purchasing an additional 17,471 shares during the period. Vinva Investment Management Ltd’s holdings in Comcast were worth $7,579,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB acquired a new position in Comcast during the first quarter valued at $93,051,000. FSA Advisors Inc. grew its stake in Comcast by 12.4% during the 1st quarter. FSA Advisors Inc. now owns 9,837 shares of the cable giant’s stock valued at $426,000 after acquiring an additional 1,082 shares in the last quarter. Community Trust & Investment Co. increased its holdings in shares of Comcast by 17.1% in the 1st quarter. Community Trust & Investment Co. now owns 79,363 shares of the cable giant’s stock valued at $3,440,000 after purchasing an additional 11,596 shares during the period. PGGM Investments lifted its position in shares of Comcast by 0.8% in the first quarter. PGGM Investments now owns 507,077 shares of the cable giant’s stock worth $21,982,000 after purchasing an additional 3,808 shares in the last quarter. Finally, Invst LLC purchased a new position in Comcast during the first quarter valued at approximately $1,220,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Trading Down 0.2 %

NASDAQ:CMCSA opened at $42.56 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 moving average is $42.18 and its 200-day moving average is $40.12. The firm has a market cap of $162.86 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.63 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping 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 the consensus estimate of $31.78 billion. During the same quarter last year, the firm posted $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid 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 2.91%. Comcast’s payout ratio is 33.33%.

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.