Congress Asset Management Co. MA Purchases Shares of 10,260 Comcast Co. (CMCSA)

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Congress Asset Management Co. MA purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the third quarter, Holdings Channel reports. The fund purchased 10,260 shares of the cable giant’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Massachusetts Financial Services Co. MA boosted its position in shares of Comcast by 9.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock worth $4,864,907,000 after purchasing an additional 12,823,994 shares in the last quarter. FMR LLC lifted its position in Comcast by 7.5% in the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after acquiring an additional 7,812,415 shares in the last quarter. Bank of Montreal Can lifted its position in Comcast by 43.9% in the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock valued at $800,167,000 after acquiring an additional 6,893,674 shares in the last quarter. Natixis bought a new position in Comcast in the 2nd quarter valued at approximately $147,520,000. Finally, Canyon Capital Advisors LLC bought a new position in Comcast in the 2nd quarter valued at approximately $147,645,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CMCSA opened at $38.14 on Thursday. The firm has a market cap of $175.14 billion, a PE ratio of 15.65, a PEG ratio of 1.19 and a beta of 1.19. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. As a group, analysts forecast that Comcast Co. will post 2.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 1.99%. Comcast’s dividend payout ratio (DPR) is 36.89%.

Several equities analysts recently issued reports on the company. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group raised Comcast from a “neutral” rating to an “outperform” rating in a research report on Friday, October 26th. MED assumed coverage on Comcast in a research report on Wednesday, October 24th. They issued a “buy” rating and a $43.00 price objective on the stock. They noted that the move was a valuation call. Citigroup assumed coverage on Comcast in a research report on Wednesday, October 24th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Comcast in a research report on Monday, October 22nd. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.64.

In other news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the sale, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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