Ameritas Investment Partners Inc. Has $5.61 Million Stake in Comcast Corporation $CMCSA

Ameritas Investment Partners Inc. reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,220 shares of the cable giant’s stock after selling 2,243 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Comcast were worth $5,611,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after acquiring an additional 1,257,196 shares during the period. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after purchasing an additional 2,517,906 shares during the period. First Eagle Investment Management LLC increased its holdings in Comcast by 1.4% in the second quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after purchasing an additional 490,923 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Comcast in the first quarter worth approximately $940,015,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.35 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $99.66 billion, a P/E ratio of 4.55, a P/E/G ratio of 1.88 and a beta of 0.92. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $44.03. The business has a fifty day simple moving average of $29.48 and a two-hundred day simple moving average of $32.61.

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

Comcast Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on CMCSA. Moffett Nathanson cut their price target on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Williams Trading set a $40.00 target price on Comcast in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, November 3rd. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, November 4th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.92.

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.