Olstein Capital Management L.P. increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,000 shares of the cable giant's stock after buying an additional 21,000 shares during the period. Olstein Capital Management L.P.'s holdings in Comcast were worth $4,636,000 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. Fairscale Capital LLC acquired a new position in Comcast during the second quarter worth $26,000. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. IAG Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 522 shares during the last quarter. Finally, Archer Investment Corp increased its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant's stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:CMCSA traded down $0.61 during trading hours on Thursday, hitting $44.53. 351,532 shares of the company traded hands, compared to its average volume of 19,640,584. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm's 50-day simple moving average is $41.00 and its 200-day simple moving average is $39.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market cap of $172.44 billion, a PE ratio of 12.13, a PEG ratio of 1.14 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the firm posted $1.08 EPS. The business's revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.78%. Comcast's dividend payout ratio is currently 33.33%.
CMCSA has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Macquarie reissued a "neutral" rating and issued a $40.00 target price on shares of Comcast in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.
Check Out Our Latest Analysis on 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.
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