AGF Management Ltd. Increases Position in Comcast Corporation $CMCSA

AGF Management Ltd. lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 588,781 shares of the cable giant’s stock after purchasing an additional 92,700 shares during the period. AGF Management Ltd.’s holdings in Comcast were worth $21,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in shares of Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the last quarter. Advisor OS LLC grew its stake in Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after acquiring an additional 8,841 shares during the last quarter. Aberdeen Group plc increased its holdings in Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after acquiring an additional 147,231 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after acquiring an additional 118,839 shares during the last quarter. Finally, Davidson Investment Advisors lifted its holdings in shares of Comcast by 37.4% in the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after purchasing an additional 124,484 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Comcast stock opened at $27.35 on Friday. The firm has a fifty day moving average of $30.76 and a 200-day moving average of $33.09. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.63. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $100.98 billion, a P/E ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMCSA. Barclays dropped their price objective on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. UBS Group set a $34.00 price target on Comcast in a research report on Friday, October 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday. Rosenblatt Securities decreased their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Finally, Arete cut their target price on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.29.

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.