Comcast Corporation $CMCSA Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,811 shares of the cable giant’s stock after buying an additional 10,335 shares during the period. Comcast makes up about 0.5% of V Square Quantitative Management LLC’s investment portfolio, making the stock its 26th largest holding. V Square Quantitative Management LLC’s holdings in Comcast were worth $3,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new position in shares of Comcast during the first quarter worth approximately $26,000. Cranbrook Wealth Management LLC lifted its position in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC lifted its position in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Abound Financial LLC acquired a new stake in Comcast in the first quarter worth approximately $29,000. Finally, Ransom Advisory Ltd acquired a new stake in Comcast in the first quarter worth approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $31.72 on Monday. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The stock has a fifty day moving average of $33.13 and a 200-day moving average of $34.31. The company has a market capitalization of $117.12 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. Benchmark restated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Morgan Stanley cut their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Arete Research upgraded Comcast to a “hold” rating in a research report on Tuesday, July 8th. Citigroup restated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.19.

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.