Mather Group LLC. Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Mather Group LLC. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 111.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,684 shares of the cable giant’s stock after purchasing an additional 33,626 shares during the quarter. Mather Group LLC.’s holdings in Comcast were worth $2,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CMCSA. Norges Bank bought a new stake in Comcast during the 4th quarter worth approximately $2,542,988,000. Capital World Investors raised its position in shares of Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after purchasing an additional 15,625,543 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in shares of Comcast by 25,881.7% during 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 buying an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Comcast by 80.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after buying an additional 4,714,586 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded down $0.26 during mid-day trading on Tuesday, reaching $38.92. The company had a trading volume of 15,841,730 shares, compared to its average volume of 20,616,314. The stock has a market capitalization of $150.72 billion, a P/E ratio of 10.30, a PEG ratio of 1.07 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock has a 50 day moving average of $38.71 and a two-hundred day moving average of $40.52. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.13 earnings per share. On average, analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Barclays decreased their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.01.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

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.