Davis Capital Management Has $1.65 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Davis Capital Management raised its position in Comcast Co. (NASDAQ:CMCSA) by 4.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 39,530 shares of the cable giant’s stock after acquiring an additional 1,668 shares during the period. Comcast makes up about 1.3% of Davis Capital Management’s holdings, making the stock its 24th largest position. Davis Capital Management’s holdings in Comcast were worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board raised its holdings in Comcast by 25,881.7% during 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 buying an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 worth $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. 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 buying an additional 7,929,963 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in 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 buying an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Comcast by 92.1% in the second 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 own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $41.30 on Thursday. The business has a 50-day simple moving average of $39.86 and a 200 day simple moving average of $39.56. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market cap of $162.05 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.08 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.00%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group initiated coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Company 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.