UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.27 Billion Stake in Comcast Co. (NASDAQ:CMCSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.0% in the third quarter, Holdings Channel reports. The firm owned 30,364,136 shares of the cable giant’s stock after purchasing an additional 1,717,762 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Comcast were worth $1,268,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast during the second quarter worth $27,000. IAG Wealth Partners LLC lifted its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Price Performance

Shares of Comcast stock opened at $42.56 on Thursday. The company has a 50-day simple moving average of $42.18 and a two-hundred day simple moving average of $40.12. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market capitalization of $162.86 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

About Comcast

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.