Comcast Corporation $CMCSA Holdings Increased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Comcast Corporation by 43.2%, owning approximately 2.74 million shares worth nearly $100 million after acquiring more shares in the first quarter.
• Several institutional investors, including Capital World Investors and UBS AM, significantly raised their holdings in Comcast during the fourth quarter, with institutions collectively owning 84.32% of the company.
• Comcast reported earnings of $1.25 per share in its last quarterly report, exceeding expectations, and declared a $0.33 quarterly dividend to be paid in October.

Aberdeen Group plc increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 43.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,742,716 shares of the cable giant's stock after purchasing an additional 827,607 shares during the period. Aberdeen Group plc owned 0.07% of Comcast worth $99,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sculati Wealth Management LLC lifted its stake in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the period. Beck Mack & Oliver LLC increased its stake in Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares during the last quarter. Toth Financial Advisory Corp lifted its position in Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after buying an additional 300 shares during the period. Clearstead Trust LLC boosted its stake in Comcast by 5.2% in the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock worth $227,000 after buying an additional 305 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in Comcast by 0.6% in the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant's stock valued at $1,999,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CMCSA shares. Oppenheimer cut their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Benchmark reaffirmed a "buy" rating on shares of Comcast in a research report on Friday, July 18th. TD Cowen decreased their price target on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Citigroup dropped their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.73.

Comcast Stock Down 0.1%

CMCSA traded down $0.02 on Monday, reaching $33.43. The company's stock had a trading volume of 25,117,540 shares, compared to its average volume of 23,588,068. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31. The business's 50 day moving average is $34.36 and its 200 day moving average is $34.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $123.43 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is presently 21.82%.

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.