Baron Wealth Management LLC Invests $273,000 in Comcast Co. (NASDAQ:CMCSA)

Baron Wealth Management LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 6,527 shares of the cable giant’s stock, valued at approximately $273,000.

A number of other institutional investors have also bought and sold shares of CMCSA. Price T Rowe Associates Inc. MD lifted its stake in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after purchasing an additional 8,243,302 shares during the last quarter. Capital World Investors increased its position in shares of 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 acquiring an additional 7,929,963 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after acquiring an additional 4,714,586 shares during the period. AQR Capital Management LLC increased its position in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after acquiring an additional 4,182,525 shares during the period. Finally, Kodai Capital Management LP purchased a new position in shares of Comcast during the first quarter worth approximately $102,119,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMCSA. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Macquarie lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.88.

Comcast Price Performance

Shares of CMCSA opened at $43.00 on Tuesday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $39.93. The firm has a market capitalization of $164.54 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.63 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 for the quarter, beating 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 business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the business earned $1.08 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.88%. Comcast’s dividend payout ratio is presently 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.