Comcast Co. (NASDAQ:CMCSA) Position Boosted by Versant Capital Management Inc

Versant Capital Management Inc raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,264 shares of the cable giant’s stock after acquiring an additional 522 shares during the quarter. Versant Capital Management Inc’s holdings in Comcast were worth $178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. City Center Advisors LLC grew its stake in shares of Comcast by 4.7% in the 3rd quarter. City Center Advisors LLC now owns 12,102 shares of the cable giant’s stock valued at $506,000 after buying an additional 543 shares in the last quarter. Foster Group Inc. grew its stake in shares of Comcast by 21.9% in the 3rd quarter. Foster Group Inc. now owns 6,749 shares of the cable giant’s stock valued at $282,000 after buying an additional 1,211 shares in the last quarter. Oak Asset Management LLC grew its stake in shares of Comcast by 9.3% in the 3rd quarter. Oak Asset Management LLC now owns 87,398 shares of the cable giant’s stock valued at $3,651,000 after buying an additional 7,445 shares in the last quarter. Founders Capital Management grew its stake in shares of Comcast by 6.2% in the 3rd quarter. Founders Capital Management now owns 15,016 shares of the cable giant’s stock valued at $627,000 after buying an additional 873 shares in the last quarter. Finally, Value Partners Investments Inc. grew its stake in shares of Comcast by 22.3% in the 3rd quarter. Value Partners Investments Inc. now owns 120,840 shares of the cable giant’s stock valued at $5,047,000 after buying an additional 22,000 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CMCSA. Pivotal Research reduced their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Evercore ISI reduced their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Stock Performance

CMCSA opened at $40.95 on Wednesday. The stock has a market cap of $160.67 billion, a PE ratio of 10.83, a P/E/G ratio of 1.08 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock’s 50 day simple moving average is $39.94 and its 200-day simple moving average is $39.49.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders 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 yield of 3.03%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

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.