AGF Management Ltd. Has $18.31 Million Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• AGF Management Ltd. increased its stake in Comcast Corporation by 49.1%, purchasing an additional 163,375 shares during the first quarter, bringing its total holdings to 496,081 shares.
• Comcast recently announced a quarterly dividend of $0.33 per share, which equates to a 4.2% yield, and is scheduled to be paid on October 22nd.
• Despite recent stock price adjustments, analysts remain optimistic with an average price target of $40.73 for Comcast, although ratings vary from "buy" to "sell" among research firms.

AGF Management Ltd. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 49.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 496,081 shares of the cable giant's stock after purchasing an additional 163,375 shares during the period. AGF Management Ltd.'s holdings in Comcast were worth $18,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new position in Comcast during the first quarter valued at approximately $26,000. Abound Financial LLC bought a new stake in Comcast in the first quarter worth approximately $29,000. Retirement Wealth Solutions LLC grew its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Comcast in the fourth quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMCSA. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Rosenblatt Securities boosted their target price on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Barclays decreased their target price on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Comcast currently has a consensus rating of "Hold" and a consensus target price of $40.73.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.84 during trading hours on Wednesday, hitting $32.94. 29,733,444 shares of the company traded hands, compared to its average volume of 23,008,912. The stock has a market capitalization of $121.62 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 1.93 and a beta of 0.92. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The firm has a 50-day moving average of $34.41 and a 200 day moving average of $34.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The business's revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. Comcast's dividend payout ratio is currently 21.82%.

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.