Townsquare Capital LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

Townsquare Capital LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,315 shares of the cable giant’s stock after purchasing an additional 15,532 shares during the quarter. Townsquare Capital LLC’s holdings in Comcast were worth $16,721,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. XML Financial LLC increased its position in shares of Comcast by 15.0% during the 1st quarter. XML Financial LLC now owns 40,475 shares of the cable giant’s stock valued at $1,755,000 after purchasing an additional 5,294 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Comcast during the first quarter valued at approximately $216,000. Pacific Center for Financial Services raised its stake in shares of Comcast by 14.5% during the first quarter. Pacific Center for Financial Services now owns 7,464 shares of the cable giant’s stock worth $324,000 after acquiring an additional 945 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Comcast in the 1st quarter worth approximately $365,000. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in shares of Comcast by 3.0% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 400,203 shares of the cable giant’s stock valued at $17,349,000 after purchasing an additional 11,668 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 1.3 %

CMCSA stock opened at $42.64 on Wednesday. The business’s 50-day moving average is $42.13 and its two-hundred day moving average is $40.11. The company has a market cap of $163.16 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.63 and a beta of 1.00. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

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

Comcast Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie raised their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.