Ruffer LLP Acquires Shares of 74,875 Comcast Corporation $CMCSA

Ruffer LLP acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 74,875 shares of the cable giant’s stock, valued at approximately $2,672,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Comcast during the fourth quarter worth approximately $104,000. Aegis Wealth Management LLC acquired a new position in Comcast in the fourth quarter worth $303,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Comcast in the fourth quarter worth $48,589,000. Finally, NorthCrest Asset Manangement LLC lifted its stake in Comcast by 2.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 382,234 shares of the cable giant’s stock valued at $14,345,000 after buying an additional 8,661 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 0.0%

Shares of CMCSA opened at $31.61 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The firm has a market capitalization of $116.71 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The stock’s fifty day simple moving average is $33.25 and its 200-day simple moving average is $34.38.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 EPS. As a group, research analysts predict that Comcast Corporation will post 4.33 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 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s payout ratio is currently 21.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMCSA. Moffett Nathanson lifted their target price on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Rosenblatt Securities upped their price target on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Rothschild & Co Redburn lowered their price objective on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, UBS Group lowered their price objective on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus target price of $40.19.

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.