Advisors Asset Management Inc. Has $21.47 Million Stock Position in Comcast Corporation $CMCSA

Key Points

• Advisors Asset Management Inc. increased its stake in Comcast Corporation by 4.0%, now holding 581,776 shares valued at approximately $21.47 million.
• Comcast reported $1.25 earnings per share for the latest quarter, surpassing analysts' expectations of $1.18, and achieved a revenue of $30.31 billion.
• The company declared a quarterly dividend of $0.33 per share, reflecting a 3.9% yield, with the ex-dividend date set for October 1st.

Advisors Asset Management Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 581,776 shares of the cable giant's stock after acquiring an additional 22,162 shares during the period. Advisors Asset Management Inc.'s holdings in Comcast were worth $21,468,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisor OS LLC raised its holdings in Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock valued at $1,308,000 after acquiring an additional 8,841 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock worth $47,254,000 after buying an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of Comcast in the 1st quarter worth approximately $335,000. DAVENPORT & Co LLC raised its holdings in shares of Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after buying an additional 1,261,278 shares in the last quarter. Finally, American Financial Group Inc. raised its holdings in shares of Comcast by 29.0% in the 1st quarter. American Financial Group Inc. now owns 267,000 shares of the cable giant's stock worth $9,852,000 after buying an additional 60,000 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.1%

CMCSA traded down $0.04 during mid-day trading on Friday, reaching $33.91. The stock had a trading volume of 21,111,306 shares, compared to its average volume of 19,302,668. The stock has a market capitalization of $125.20 billion, a P/E ratio of 5.60, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm's fifty day simple moving average is $34.03 and its two-hundred day simple moving average is $34.68. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

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

Comcast Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMCSA. Moffett Nathanson increased their target price on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Benchmark reissued a "buy" rating on shares of Comcast in a report on Friday, July 18th. Scotiabank increased their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. UBS Group dropped their target price on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Finally, Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Hold" and an average target price of $40.73.

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.