Sheaff Brock Investment Advisors LLC Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sheaff Brock Investment Advisors LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,016 shares of the cable giant’s stock after purchasing an additional 500 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Comcast were worth $418,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Comcast by 41.7% during the first 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. Ontario Teachers Pension Plan Board grew its position in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP increased its position in Comcast by 2.1% during the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after buying an additional 219,894 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CMCSA shares. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Friday, November 1st. Wells Fargo & Company boosted their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Barclays lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Trading Down 1.4 %

NASDAQ:CMCSA opened at $42.88 on Friday. The company has a 50-day moving average price of $41.61 and a 200-day moving average price of $39.87. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a market cap of $164.08 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.66 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. Comcast’s payout ratio is currently 33.33%.

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.