Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly increased its stake in Comcast Corporation by 1,959.3% during the first quarter, owning over 13 million shares valued at approximately $488 million.
• Analyst ratings for Comcast show a mix of opinions, as three analysts rated the stock as a sell while eleven rated it as a hold, and twelve assigned a buy rating.
• Comcast recently declared a quarterly dividend of $0.33 per share, translating to an annualized yield of 3.73%.

Pacer Advisors Inc. lifted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1,959.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,228,732 shares of the cable giant's stock after acquiring an additional 12,586,329 shares during the period. Comcast accounts for about 1.1% of Pacer Advisors Inc.'s investment portfolio, making the stock its 20th largest holding. Pacer Advisors Inc. owned about 0.35% of Comcast worth $488,140,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Westover Capital Advisors LLC purchased a new stake in shares of Comcast in the 1st quarter worth approximately $202,000. Rothschild & Co Wealth Management UK Ltd grew its stake in shares of Comcast by 0.6% in the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,013,766 shares of the cable giant's stock worth $406,408,000 after buying an additional 70,635 shares during the last quarter. Assetmark Inc. grew its stake in shares of Comcast by 0.5% in the 1st quarter. Assetmark Inc. now owns 2,726,419 shares of the cable giant's stock worth $100,605,000 after buying an additional 14,667 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Comcast by 4.9% in the 1st quarter. Cetera Investment Advisers now owns 1,131,950 shares of the cable giant's stock worth $41,769,000 after buying an additional 53,214 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of Comcast by 6.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 419,464 shares of the cable giant's stock worth $15,478,000 after buying an additional 24,162 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup cut their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $40.00 target price on Comcast and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Arete Research upgraded Comcast to a "hold" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn dropped their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Moffett Nathanson raised their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $41.13.

Comcast Trading Down 1.0%

NASDAQ:CMCSA traded down $0.35 during midday trading on Tuesday, hitting $33.19. The stock had a trading volume of 10,374,200 shares, compared to its average volume of 24,189,758. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company has a market capitalization of $123.90 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.63 and a beta of 0.95. The stock has a 50-day moving average of $34.97 and a 200 day moving average of $35.20. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

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.