Boston Family Office LLC Has $3.14 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Boston Family Office LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,073 shares of the cable giant’s stock after selling 7,203 shares during the period. Boston Family Office LLC’s holdings in Comcast were worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares during the period. Swedbank AB acquired a new stake in Comcast during the first quarter worth about $93,051,000. Darsana Capital Partners LP increased its holdings in Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after buying an additional 2,000,000 shares during the period. SG Americas Securities LLC raised its position in shares of Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after buying an additional 1,963,246 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Comcast by 46.5% during the 2nd quarter. National Bank of Canada FI now owns 5,780,524 shares of the cable giant’s stock worth $220,641,000 after acquiring an additional 1,833,811 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Down 0.1 %

Shares of CMCSA opened at $43.47 on Monday. The stock’s 50-day moving average price is $41.98 and its two-hundred day moving average price is $40.05. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market capitalization of $166.34 billion, a PE ratio of 11.69, a PEG ratio of 1.64 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

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.