118,184 Comcast Corporation $CMCSA Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,054,224 shares of the cable giant’s stock after buying an additional 118,184 shares during the period. ProShare Advisors LLC owned approximately 0.11% of Comcast worth $88,220,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. lifted its holdings in shares of Comcast by 8.6% in the 3rd quarter. Vise Technologies Inc. now owns 162,831 shares of the cable giant’s stock valued at $3,543,000 after buying an additional 12,963 shares during the period. Cidel Asset Management Inc. grew its holdings in Comcast by 8.0% during the third quarter. Cidel Asset Management Inc. now owns 118,344 shares of the cable giant’s stock worth $2,575,000 after acquiring an additional 8,769 shares during the period. Moss Adams Wealth Advisors LLC purchased a new position in Comcast in the third quarter worth $237,000. Summit Global Investments raised its position in Comcast by 10.1% in the third quarter. Summit Global Investments now owns 28,746 shares of the cable giant’s stock worth $626,000 after acquiring an additional 2,629 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in Comcast by 17.9% in the third quarter. Aprio Wealth Management LLC now owns 33,842 shares of the cable giant’s stock valued at $736,000 after acquiring an additional 5,141 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CMCSA shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $23.00 price target on shares of Comcast in a research note on Tuesday, October 13th. Raymond James Financial restated a “market perform” rating on shares of Comcast in a research report on Friday, October 2nd. Moffett Nathanson lowered their target price on shares of Comcast from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Weiss Ratings downgraded Comcast from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Finally, BNP Paribas Exane lowered their price target on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.17.

Comcast Stock Performance

Shares of CMCSA opened at $23.22 on Monday. The firm has a market cap of $82.45 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.64 and a beta of 0.72. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.91. Comcast Corporation has a 52-week low of $20.48 and a 52-week high of $32.85. The business’s 50 day moving average is $23.40 and its two-hundred day moving average is $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. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The company had revenue of $29.30 billion for the quarter, compared to the consensus estimate of $29.22 billion. During the same period last year, the firm posted $1.12 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts forecast that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Announces Dividend

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

About Comcast

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.