Nvwm LLC Has $1.43 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

by · The Cerbat Gem

Nvwm LLC boosted its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,161 shares of the cable giant’s stock after buying an additional 680 shares during the period. Nvwm LLC’s holdings in Comcast were worth $1,427,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Comcast in the third quarter valued at approximately $44,000. Janney Montgomery Scott LLC lifted its position in shares of Comcast by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,870,795 shares of the cable giant’s stock valued at $161,683,000 after acquiring an additional 108,180 shares during the period. New Covenant Trust Company N.A. bought a new position in Comcast during the third quarter worth $200,000. Janney Capital Management LLC grew its holdings in Comcast by 3.6% in the third quarter. Janney Capital Management LLC now owns 55,945 shares of the cable giant’s stock worth $2,337,000 after purchasing an additional 1,961 shares during the period. Finally, Conning Inc. increased its stake in Comcast by 7.8% in the third quarter. Conning Inc. now owns 991,772 shares of the cable giant’s stock valued at $41,426,000 after purchasing an additional 72,017 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday. TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, Barclays dropped their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $46.63.

View Our Latest Report on Comcast

Comcast Stock Performance

Shares of Comcast stock traded down $0.11 during mid-day trading on Friday, hitting $43.56. 25,078,455 shares of the stock were exchanged, compared to its average volume of 17,105,508. The company has a market capitalization of $168.69 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $39.58. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.24 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

About Comcast

(Free Report)

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.

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