Comcast Corporation $CMCSA Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 724,760 shares of the cable giant’s stock after buying an additional 83,631 shares during the period. QRG Capital Management Inc.’s holdings in Comcast were worth $25,867,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in Comcast in the 1st quarter worth about $26,000. Global Trust Asset Management LLC boosted its holdings in shares of Comcast by 906.8% during the 2nd 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 last quarter. Cranbrook Wealth Management LLC boosted its holdings in shares of Comcast by 86.0% during the 2nd 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 last quarter. Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Finally, Abound Financial LLC acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMCSA. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Benchmark restated a “buy” rating on shares of Comcast in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Bank of America lowered their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Rothschild & Co Redburn lowered their target price on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.26.

Comcast Stock Up 1.6%

Shares of NASDAQ CMCSA opened at $30.90 on Friday. The firm has a market cap of $114.09 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.78 and a beta of 0.94. 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 52-week low of $30.38 and a 52-week high of $45.31. The business’s 50 day moving average is $32.73 and its two-hundred day moving average is $34.16.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion for 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 earnings per share. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current 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 given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. Comcast’s payout ratio is presently 21.82%.

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.