Mackenzie Financial Corp Acquires 518,462 Shares of Comcast Corporation $CMCSA

Mackenzie Financial Corp lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 57.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,423,514 shares of the cable giant’s stock after acquiring an additional 518,462 shares during the period. Mackenzie Financial Corp’s holdings in Comcast were worth $50,805,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Comcast by 30.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,277,877 shares of the cable giant’s stock worth $45,584,000 after acquiring an additional 298,572 shares during the last quarter. Neuberger Berman Group LLC increased its position in Comcast by 9.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,118,218 shares of the cable giant’s stock worth $39,909,000 after purchasing an additional 95,774 shares in the last quarter. F m Investments LLC increased its position in Comcast by 6.6% during the 2nd quarter. F m Investments LLC now owns 80,054 shares of the cable giant’s stock worth $2,857,000 after purchasing an additional 4,932 shares in the last quarter. Norges Bank bought a new position in Comcast in the 2nd quarter valued at approximately $3,528,361,000. Finally, Scotia Capital Inc. boosted its position in Comcast by 7.1% in the second quarter. Scotia Capital Inc. now owns 288,557 shares of the cable giant’s stock valued at $10,298,000 after buying an additional 19,060 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMCSA. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Loop Capital lowered their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. UBS Group set a $34.00 price target on Comcast in a research note on Friday, October 31st. Pivotal Research lowered their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Bank of America dropped their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Price Performance

Comcast stock opened at $26.73 on Monday. The stock’s 50 day moving average is $28.93 and its 200 day moving average is $32.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $43.45. The firm has a market cap of $97.38 billion, a P/E ratio of 4.45, a P/E/G ratio of 1.83 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.9%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.