Comcast Co. (NASDAQ:CMCSA) Shares Acquired by AGF Management Ltd.

AGF Management Ltd. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 498.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 250,915 shares of the cable giant’s stock after purchasing an additional 208,969 shares during the quarter. AGF Management Ltd.’s holdings in Comcast were worth $9,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steph & Co. grew its position in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Comcast in the 2nd quarter valued at about $27,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast during the 4th quarter valued at about $28,000. IAG Wealth Partners LLC lifted its holdings in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. Finally, Pineridge Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter worth approximately $32,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group began coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Pivotal Research reduced their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Stock Performance

Comcast stock opened at $38.68 on Thursday. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $149.79 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. The stock has a 50 day moving average of $39.30 and a 200-day moving average of $39.78.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.13 EPS. On average, analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

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, sky-branded entertainment television networks, and advertising.