Intech Investment Management LLC Buys 352,353 Shares of Comcast Corporation $CMCSA

Intech Investment Management LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 49.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,061,755 shares of the cable giant’s stock after acquiring an additional 352,353 shares during the quarter. Intech Investment Management LLC’s holdings in Comcast were worth $39,179,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Dodge & Cox grew its position in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comcast by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock valued at $1,326,912,000 after acquiring an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. grew its position in Comcast by 2.8% in the first 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 acquiring an additional 926,663 shares during the period. Nuveen Asset Management LLC boosted its stake in Comcast by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant’s stock worth $977,880,000 after purchasing an additional 497,829 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Comcast in the first quarter worth $940,015,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 1.0%

Shares of CMCSA opened at $33.67 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The firm has a market capitalization of $124.32 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93. The stock’s fifty day simple moving average is $33.94 and its 200-day simple moving average is $34.64.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 3.9%. Comcast’s dividend payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of equities analysts have commented on CMCSA shares. Morgan Stanley reduced their price objective on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Rosenblatt Securities boosted their price objective on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Scotiabank boosted their price objective on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Finally, Barclays reduced their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $40.63.

Comcast Company 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.