Cidel Asset Management Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,615 shares of the cable giant’s stock after acquiring an additional 360 shares during the period. Cidel Asset Management Inc.’s holdings in Comcast were worth $1,061,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in Comcast by 1,318.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 9,732,709 shares of the cable giant’s stock worth $526,637,000 after buying an additional 9,046,516 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Comcast by 10.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,894,126 shares of the cable giant’s stock valued at $2,862,101,000 after acquiring an additional 5,155,779 shares in the last quarter. Capital International Investors grew its holdings in shares of Comcast by 1.8% during the 1st quarter. Capital International Investors now owns 219,742,386 shares of the cable giant’s stock worth $11,891,228,000 after acquiring an additional 3,887,251 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Comcast by 283.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,767,366 shares of the cable giant’s stock worth $257,962,000 after acquiring an additional 3,524,036 shares in the last quarter. Finally, Credit Agricole S A lifted its stake in shares of Comcast by 103.1% in the 1st quarter. Credit Agricole S A now owns 83,800 shares of the cable giant’s stock valued at $4,535,000 after purchasing an additional 2,766,717 shares during the period. Hedge funds and other institutional investors own 82.49% of the company’s stock.
Shares of Comcast stock traded up $2.00 during trading hours on Wednesday, reaching $57.59. 1,792,328 shares of the stock traded hands, compared to its average volume of 16,353,840. Comcast Co. has a one year low of $40.97 and a one year high of $61.80. The firm has a market capitalization of $264.32 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.20 and a beta of 1.02. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average price of $58.89 and a 200 day moving average price of $57.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. Comcast’s dividend payout ratio is currently 38.31%.
A number of research firms have recently weighed in on CMCSA. Pivotal Research upped their target price on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Credit Suisse Group upped their price target on Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Raymond James lifted their price objective on Comcast from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, July 9th. Truist increased their target price on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Finally, Redburn Partners initiated coverage on Comcast in a research report on Friday, June 25th. They issued a “buy” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Comcast has an average rating of “Buy” and a consensus price target of $64.93.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
Featured Story: Understanding Average Daily Trade Volume
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.