Cantor Fitzgerald Investment Advisors L.P. Grows Stock Position in Comcast Corporation $CMCSA

Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 355,596 shares of the cable giant’s stock after buying an additional 1,765 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Comcast were worth $12,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after acquiring an additional 926,663 shares during the period. Nuveen LLC bought a new position in Comcast in the 1st quarter valued at $940,015,000. Harris Associates L P increased its stake in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after purchasing an additional 111,662 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after purchasing an additional 427,705 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CMCSA shares. The Goldman Sachs Group reduced their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Rosenblatt Securities boosted their price target on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.07.

Comcast Stock Performance

Shares of CMCSA stock opened at $30.94 on Thursday. The firm has a market cap of $114.24 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.84 and a beta of 0.94. Comcast Corporation has a 52-week low of $30.90 and a 52-week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $32.89 and its 200 day moving average is $34.24.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s payout ratio is presently 21.82%.

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.