Guardian Capital Advisors LP grew its stake in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,275 shares of the cable giant’s stock after acquiring an additional 1,295 shares during the period. Guardian Capital Advisors LP’s holdings in Comcast were worth $3,415,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Bogart Wealth LLC raised its position in shares of Comcast by 66.7% in the second quarter. Bogart Wealth LLC now owns 2,049 shares of the cable giant’s stock valued at $80,000 after buying an additional 820 shares in the last quarter. Toroso Investments LLC raised its position in shares of Comcast by 38.4% in the first quarter. Toroso Investments LLC now owns 167,887 shares of the cable giant’s stock valued at $7,860,000 after buying an additional 46,584 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Comcast by 1.4% in the first quarter. New York State Common Retirement Fund now owns 11,590,939 shares of the cable giant’s stock valued at $542,688,000 after buying an additional 155,051 shares in the last quarter. Fiera Capital Corp raised its position in shares of Comcast by 1.9% in the second quarter. Fiera Capital Corp now owns 22,519 shares of the cable giant’s stock valued at $884,000 after buying an additional 416 shares in the last quarter. Finally, Mairs & Power Inc. raised its position in Comcast by 11.7% during the first quarter. Mairs & Power Inc. now owns 6,800 shares of the cable giant’s stock valued at $318,000 after purchasing an additional 712 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CMCSA has been the subject of several research analyst reports. Rosenblatt Securities lowered their price objective on shares of Comcast from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, August 1st. TheStreet downgraded shares of Comcast from a “b-” rating to a “c+” rating in a research report on Friday, July 29th. Wells Fargo & Company lowered their price objective on shares of Comcast from $36.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday, October 4th. Atlantic Securities cut shares of Comcast from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $44.00 in a research note on Monday, August 15th. Finally, Credit Suisse Group decreased their target price on shares of Comcast from $57.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 27th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $44.52.
Comcast Trading Up 1.2 %
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $1.08 annualized dividend and a yield of 3.04%. Comcast’s payout ratio is 93.91%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
- Get a free copy of the StockNews.com research report on Comcast (CMCSA)
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