Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Osher Van de Voorde Investment Management

Osher Van de Voorde Investment Management lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 424,510 shares of the cable giant’s stock after buying an additional 925 shares during the quarter. Comcast makes up about 3.8% of Osher Van de Voorde Investment Management’s holdings, making the stock its 19th largest position. Osher Van de Voorde Investment Management’s holdings in Comcast were worth $17,732,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Steph & Co. raised its stake in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the 2nd quarter valued at about $27,000. IAG Wealth Partners LLC raised its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new position in Comcast in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $40.95 on Wednesday. The business’s 50 day moving average is $39.94 and its two-hundred day moving average is $39.48. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a market cap of $160.67 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.08 and a beta of 1.01. 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 (NASDAQ:CMCSA) last announced its earnings results 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. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company 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. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Ratings Changes

Several research analysts recently weighed in on CMCSA shares. Pivotal Research cut their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. 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. Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective 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, Barclays dropped their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $45.55.

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.