Boston Research & Management Inc. Raises Position in Comcast Corporation $CMCSA

Boston Research & Management Inc. grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 137,015 shares of the cable giant’s stock after acquiring an additional 4,441 shares during the period. Boston Research & Management Inc.’s holdings in Comcast were worth $4,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Titleist Asset Management LLC grew its stake in Comcast by 4.7% in the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after purchasing an additional 342 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Comcast by 7.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after buying an additional 2,517,906 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Comcast by 15.7% in the 2nd quarter. American Century Companies Inc. now owns 5,481,141 shares of the cable giant’s stock worth $195,622,000 after acquiring an additional 741,725 shares in the last quarter. Private Management Group Inc. lifted its position in Comcast by 4.8% during the 2nd quarter. Private Management Group Inc. now owns 1,009,945 shares of the cable giant’s stock valued at $36,045,000 after acquiring an additional 46,013 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Comcast during the second quarter worth about $872,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CMCSA shares. Royal Bank Of Canada decreased their target price on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Sanford C. Bernstein reduced their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Barclays cut their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 3rd. Finally, Citigroup lowered their price target on Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.92.

Comcast Trading Up 2.7%

Comcast stock opened at $27.35 on Friday. Comcast Corporation has a one year low of $25.75 and a one year high of $44.03. The business’s fifty day moving average is $29.48 and its 200 day moving average is $32.62. The stock has a market capitalization of $99.66 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, sell-side 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. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Comcast 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.