Sienna Gestion Acquires 1,794 Shares of Comcast Co. (NASDAQ:CMCSA)

Sienna Gestion increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.6% in the 2nd quarter, Holdings Channel reports. The fund owned 294,443 shares of the cable giant’s stock after buying an additional 1,794 shares during the quarter. Comcast accounts for about 1.0% of Sienna Gestion’s investment portfolio, making the stock its 22nd biggest position. Sienna Gestion’s holdings in Comcast were worth $11,525,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital World Investors increased its stake 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 valued at $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Comcast by 41.7% during the 1st 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 buying an additional 8,243,302 shares in the last quarter. Harris Associates L P raised its stake in Comcast by 10.9% during the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after buying an additional 1,854,671 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Comcast by 3.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after acquiring an additional 368,685 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 1.4 %

CMCSA stock opened at $39.82 on Thursday. The company has a market cap of $156.24 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.03 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The business’s 50-day moving average is $39.48 and its two-hundred day moving average is $39.67. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 EPS. As a group, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMCSA. Barclays reduced their price target on 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 lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.78.

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.