Duncan Williams Asset Management LLC Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Duncan Williams Asset Management LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,012 shares of the cable giant’s stock after buying an additional 1,303 shares during the period. Duncan Williams Asset Management LLC’s holdings in Comcast were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP acquired a new position in Comcast during the fourth quarter worth about $2,056,000. Hotchkis & Wiley Capital Management LLC increased its position in Comcast by 3.4% during the fourth 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. Capital Investment Advisors LLC increased its position in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank increased its position in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares during the last quarter. Finally, BNP Paribas acquired a new position in Comcast during the first quarter worth approximately $4,117,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.2 %

Shares of NASDAQ:CMCSA opened at $40.81 on Friday. The stock has a market capitalization of $160.12 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company’s fifty day moving average is $39.91 and its two-hundred day moving average is $39.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors 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 dividend yield of 3.04%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

Several research firms have issued reports on CMCSA. KeyCorp decreased their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Evercore ISI decreased their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.58.

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.