AIA Group Ltd Has $4.79 Million Stake in Comcast Co. (NASDAQ:CMCSA)

AIA Group Ltd reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,694 shares of the cable giant’s stock after selling 15,168 shares during the quarter. AIA Group Ltd’s holdings in Comcast were worth $4,791,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verity Asset Management Inc. grew its stake in Comcast by 19.1% in the third quarter. Verity Asset Management Inc. now owns 13,073 shares of the cable giant’s stock valued at $549,000 after purchasing an additional 2,096 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Comcast by 96.0% in the third quarter. LS Investment Advisors LLC now owns 14,172 shares of the cable giant’s stock worth $592,000 after buying an additional 6,940 shares during the last quarter. Portside Wealth Group LLC raised its position in Comcast by 14.2% during the third quarter. Portside Wealth Group LLC now owns 25,968 shares of the cable giant’s stock valued at $1,085,000 after acquiring an additional 3,225 shares in the last quarter. Hara Capital LLC lifted its stake in Comcast by 45.2% in the third quarter. Hara Capital LLC now owns 8,174 shares of the cable giant’s stock valued at $341,000 after acquiring an additional 2,545 shares during the last quarter. Finally, JB Capital LLC grew its position in Comcast by 5.5% in the third quarter. JB Capital LLC now owns 416,676 shares of the cable giant’s stock worth $17,405,000 after acquiring an additional 21,815 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent analyst reports. TD Cowen decreased their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Stock Down 2.1 %

Shares of NASDAQ:CMCSA opened at $44.19 on Friday. The company’s fifty day moving average is $41.00 and its 200-day moving average is $39.66. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market capitalization of $171.13 billion, a PE ratio of 11.88, a P/E/G ratio of 1.61 and a beta of 1.00.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

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.