Alpha DNA Investment Management LLC Has $1.14 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Alpha DNA Investment Management LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,183 shares of the cable giant’s stock after selling 1,117 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Comcast were worth $1,135,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CMCSA. Dimensional Fund Advisors LP grew its position in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after acquiring an additional 1,000,626 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Comcast by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after purchasing an additional 416,759 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after acquiring an additional 822,936 shares during the period. First Pacific Advisors LP increased its holdings in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after purchasing an additional 219,894 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Comcast by 7.8% during the second quarter. Van ECK Associates Corp now owns 9,886,479 shares of the cable giant’s stock worth $387,155,000 after acquiring an additional 713,330 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. TD Cowen decreased their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Barclays increased their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday. Finally, Macquarie boosted their price target on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Down 0.1 %

Comcast stock opened at $43.47 on Friday. The firm has a market capitalization of $166.34 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The firm’s fifty day moving average price is $41.98 and its two-hundred day moving average price is $40.04. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS. On average, equities research analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.85%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.