Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Beacon Capital Management LLC

Beacon Capital Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 5.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,776 shares of the cable giant’s stock after purchasing an additional 266 shares during the period. Beacon Capital Management LLC’s holdings in Comcast were worth $198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Comcast by 5.1% during the first quarter. FMR LLC now owns 117,764,529 shares of the cable giant’s stock valued at $4,464,453,000 after buying an additional 5,767,151 shares during the period. Morgan Stanley lifted its stake in shares of Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after purchasing an additional 7,084,451 shares during the period. Norges Bank acquired a new stake in shares of Comcast during the fourth quarter worth $1,798,173,000. Bank of New York Mellon Corp grew its position in shares of Comcast by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock valued at $1,245,022,000 after purchasing an additional 189,845 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Comcast by 1.1% in the first quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock valued at $1,987,094,000 after purchasing an additional 473,150 shares during the last quarter. 82.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMCSA shares. Wells Fargo & Company raised their price target on Comcast from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, July 28th. Macquarie upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 target price for the company in a report on Friday, July 28th. Oppenheimer increased their price target on shares of Comcast from $48.00 to $55.00 in a research note on Friday, July 28th. Morgan Stanley boosted their price objective on shares of Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Finally, Loop Capital increased their target price on Comcast from $50.00 to $53.00 in a research report on Friday, July 28th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.88.

Comcast Stock Up 0.2 %

Shares of CMCSA stock traded up $0.08 during trading hours on Tuesday, hitting $45.72. 1,614,820 shares of the company were exchanged, compared to its average volume of 18,714,688. The business’s 50-day simple moving average is $44.84 and its two-hundred day simple moving average is $41.06. Comcast Co. has a one year low of $28.39 and a one year high of $47.46. The stock has a market capitalization of $188.60 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.26 and a beta of 0.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 0.76.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. The business had revenue of $30.51 billion during the quarter, compared to analyst estimates of $30.11 billion. Comcast had a net margin of 5.40% and a return on equity of 19.79%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Sell-side analysts predict that Comcast Co. will post 3.81 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, October 3rd. Comcast’s dividend payout ratio (DPR) is 73.42%.

About Comcast

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, advertising sales, and Sky channels.