Dixon Mitchell Investment Counsel Inc. Buys 36,654 Shares of Comcast Co. (NASDAQ:CMCSA)

Dixon Mitchell Investment Counsel Inc. increased its stake in Comcast Co. (NASDAQ:CMCSA) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 722,196 shares of the cable giant’s stock after purchasing an additional 36,654 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Comcast were worth $30,166,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its holdings in shares of Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after buying an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position 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 valued at $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Capital World Investors lifted its holdings in shares of Comcast by 7.4% in 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 last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 80.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.7 %

Shares of NASDAQ CMCSA opened at $41.93 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $164.52 billion, a PE ratio of 11.09, a P/E/G ratio of 1.10 and a beta of 1.01. The company’s fifty day simple moving average is $40.30 and its 200 day simple moving average is $39.47. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

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, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. The Goldman Sachs Group started coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Scotiabank upped their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Pivotal Research reduced their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $45.58.

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.