Tokio Marine Asset Management Co. Ltd. Purchases 6,228 Shares of Comcast Co. (NASDAQ:CMCSA)

Tokio Marine Asset Management Co. Ltd. raised its position in Comcast Co. (NASDAQ:CMCSA) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,107 shares of the cable giant’s stock after buying an additional 6,228 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Comcast were worth $4,265,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 28.3% during the 1st quarter. Brighton Jones LLC now owns 182,732 shares of the cable giant’s stock valued at $7,921,000 after buying an additional 40,311 shares during the last quarter. Lindenwold Advisors INC increased its stake in shares of Comcast by 2.9% in the first quarter. Lindenwold Advisors INC now owns 30,665 shares of the cable giant’s stock worth $1,329,000 after purchasing an additional 860 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Comcast by 41.3% in the first quarter. Cumberland Partners Ltd now owns 55,500 shares of the cable giant’s stock valued at $2,406,000 after purchasing an additional 16,213 shares during the period. 1ST Source Bank boosted its holdings in Comcast by 2.5% in the 1st quarter. 1ST Source Bank now owns 24,590 shares of the cable giant’s stock worth $1,066,000 after buying an additional 608 shares during the period. Finally, Motco lifted its position in shares of Comcast by 2.3% during the first quarter. Motco now owns 349,628 shares of the cable giant’s stock worth $15,156,000 after acquiring an additional 7,789 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Price Performance

Shares of CMCSA stock traded down $0.38 during trading hours on Thursday, hitting $43.53. The company’s stock had a trading volume of 1,512,205 shares, compared to its average volume of 19,544,756. 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 Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market cap of $166.57 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.67 and a beta of 1.00. The business has a fifty day moving average of $41.47 and a 200-day moving average of $39.82.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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 return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the company earned $1.08 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 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.