Comcast Corporation $CMCSA Shares Bought by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,889,947 shares of the cable giant’s stock after buying an additional 147,231 shares during the period. Aberdeen Group plc’s holdings in Comcast were worth $103,142,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Dodge & Cox lifted its holdings in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after buying an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Comcast in the 1st quarter valued at $940,015,000. Harris Associates L P raised its holdings in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after purchasing an additional 427,705 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 2.1%

NASDAQ CMCSA opened at $29.46 on Friday. Comcast Corporation has a 12 month low of $29.42 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of 4.87, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The firm’s fifty day moving average price is $32.48 and its 200 day moving average price is $33.95.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday. The Goldman Sachs Group reduced their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, KeyCorp dropped their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $39.94.

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.