ProShare Advisors LLC Acquires 118,184 Shares of Comcast Corporation $CMCSA

ProShare Advisors LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,054,224 shares of the cable giant’s stock after purchasing an additional 118,184 shares during the quarter. ProShare Advisors LLC’s holdings in Comcast were worth $88,220,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Douglas Lane & Associates LLC raised its holdings in Comcast by 16.6% during the third quarter. Douglas Lane & Associates LLC now owns 2,549,714 shares of the cable giant’s stock worth $55,482,000 after purchasing an additional 363,552 shares in the last quarter. Saudi Central Bank lifted its position in Comcast by 87.2% in the second quarter. Saudi Central Bank now owns 251,190 shares of the cable giant’s stock worth $6,167,000 after purchasing an additional 117,038 shares during the period. Nykredit A S bought a new position in Comcast during the 2nd quarter valued at $137,515,000. Inceptionr LLC bought a new position in Comcast during the 1st quarter valued at $660,000. Finally, Bank of America Corp DE increased its position in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after purchasing an additional 3,783,234 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. Royal Bank Of Canada set a $26.00 target price on Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. BNP Paribas Exane reduced their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Moffett Nathanson lowered their price objective on shares of Comcast from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. KeyCorp downgraded shares of Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 target price on the stock. in a report on Thursday, September 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $23.00 target price on shares of Comcast in a research note on Thursday, October 22nd. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $29.17.

Comcast Price Performance

Shares of Comcast stock opened at $23.22 on Monday. Comcast Corporation has a 1 year low of $20.48 and a 1 year high of $32.85. The company has a market cap of $82.45 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.64 and a beta of 0.72. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $23.40 and a 200 day moving average price of $26.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $29.30 billion during the quarter, compared to analyst estimates of $29.22 billion. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, analysts expect that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio is currently 41.77%.

Comcast Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.