Foundry Partners LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 474,680 shares of the cable giant’s stock, valued at approximately $26,549,000. Comcast accounts for about 1.0% of Foundry Partners LLC’s investment portfolio, making the stock its 12th largest holding.
A number of other hedge funds have also recently modified their holdings of the business. Field & Main Bank raised its stake in shares of Comcast by 200.0% in the 3rd quarter. Field & Main Bank now owns 450 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 300 shares during the period. Newton One Investments LLC acquired a new position in shares of Comcast in the second quarter valued at approximately $28,000. Baron Financial Group LLC grew its holdings in shares of Comcast by 688.6% in the second quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 482 shares in the last quarter. Axiom Investment Management LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $37,000. Finally, Lake Point Wealth Management acquired a new position in shares of Comcast in the second quarter valued at approximately $41,000. 82.48% of the stock is currently owned by institutional investors.
Comcast stock opened at $51.88 on Friday. The stock has a market capitalization of $237.04 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.06 and a beta of 0.96. Comcast Co. has a 12-month low of $48.15 and a 12-month high of $61.80. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average is $54.11 and its two-hundred day moving average is $56.58.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The business had revenue of $30.30 billion for the quarter, compared to analyst estimates of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. As a group, analysts forecast that Comcast Co. will post 3.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Investors of record on Wednesday, January 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $1.00 annualized dividend and a yield of 1.93%. Comcast’s payout ratio is 32.26%.
Several research analysts have commented on CMCSA shares. Citigroup lowered their price target on shares of Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, November 1st. Barclays reduced their price target on shares of Comcast from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, November 1st. Wells Fargo & Company reduced their price target on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, October 8th. Loop Capital cut their price objective on shares of Comcast from $71.00 to $67.00 and set a “buy” rating for the company in a research report on Monday. Finally, Credit Suisse Group upped their price objective on shares of Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $65.87.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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