Northwest & Ethical Investments L.P. Grows Position in Comcast Co. (NASDAQ:CMCSA)

Northwest & Ethical Investments L.P. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 442,654 shares of the cable giant’s stock after buying an additional 34,491 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Comcast were worth $18,490,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Fairscale Capital LLC purchased a new stake in Comcast during the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC grew its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Finally, Archer Investment Corp boosted its stake in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.2 %

CMCSA stock traded down $0.08 during mid-day trading on Thursday, reaching $42.56. 16,235,307 shares of the stock traded hands, compared to its average volume of 19,611,697. The business has a 50-day moving average price of $42.18 and a two-hundred day moving average price of $40.12. The stock has a market capitalization of $162.86 billion, a PE ratio of 11.44, a PEG ratio of 1.63 and a beta of 1.00. 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 Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted 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 company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. Equities research analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. Macquarie lifted their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Finally, Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Company 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.