Meeder Asset Management Inc. Has $2.77 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Meeder Asset Management Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 271.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,413 shares of the cable giant’s stock after acquiring an additional 48,545 shares during the period. Meeder Asset Management Inc.’s holdings in Comcast were worth $2,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Investment Advisors LLC lifted its position in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank lifted its holdings in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares in the last quarter. Wulff Hansen & CO. increased its stake in shares of Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after buying an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Comcast during the first quarter worth $773,000. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CMCSA. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays lifted their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $46.88.

Comcast Stock Up 0.3 %

NASDAQ:CMCSA opened at $43.00 on Tuesday. The stock has a 50-day simple moving average of $41.67 and a 200 day simple moving average of $39.93. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market cap of $164.54 billion, a PE ratio of 11.56, a PEG ratio of 1.63 and a beta of 1.00. 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.