Meiji Yasuda Asset Management Co Ltd. Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Meiji Yasuda Asset Management Co Ltd. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,085 shares of the cable giant’s stock after purchasing an additional 2,629 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Comcast were worth $5,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CMCSA. Capital World Investors increased its position in Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after buying an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the last quarter. Harris Associates L P boosted its stake in Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after purchasing an additional 1,854,671 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after purchasing an additional 368,685 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $39.82 on Thursday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The company’s fifty day moving average price is $39.48 and its 200 day moving average price is $39.67. The company has a market capitalization of $156.24 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Ratings Changes

A number of research firms have issued reports on CMCSA. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 13th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp reduced their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.78.

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.