The Manufacturers Life Insurance Company Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

The Manufacturers Life Insurance Company raised its position in Comcast Co. (NASDAQ:CMCSA) by 3.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,338,254 shares of the cable giant’s stock after purchasing an additional 159,194 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of Comcast worth $169,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Bollard Group LLC increased its holdings in shares of Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after buying an additional 244 shares during the last quarter. Tortoise Investment Management LLC increased its stake in Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after acquiring an additional 249 shares during the last quarter. Greenwich Wealth Management LLC raised its holdings in shares of Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the period. Verum Partners LLC lifted its stake in shares of Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares in the last quarter. Finally, Mcdonald Partners LLC grew its holdings in shares of Comcast by 1.4% during the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. KeyCorp reduced their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Trading Up 1.5 %

Shares of NASDAQ CMCSA opened at $41.64 on Friday. The stock has a market capitalization of $163.38 billion, a P/E ratio of 11.02, a PEG ratio of 1.08 and a beta of 1.01. The stock’s 50 day moving average price is $39.69 and its two-hundred day moving average price is $39.62. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. Comcast’s dividend payout ratio is currently 32.80%.

Comcast 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.