Comcast Corporation $CMCSA Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,045 shares of the cable giant’s stock after buying an additional 10,684 shares during the period. Concurrent Investment Advisors LLC’s holdings in Comcast were worth $3,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. boosted its position in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after purchasing an additional 83,631 shares during the period. Advisor OS LLC boosted its position in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the period. Aberdeen Group plc boosted its position in Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. boosted its position in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares during the period. Finally, OMNI 360 Wealth Inc. purchased a new stake in Comcast during the 1st quarter worth $335,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $29.41 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $29.39 and a 1-year high of $45.31. The firm has a 50-day moving average of $32.42 and a two-hundred day moving average of $33.85. The stock has a market cap of $108.59 billion, a P/E ratio of 4.86, a PEG ratio of 1.74 and a beta of 0.94.

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 18.44% and a return on equity of 18.86%. The business had revenue of $30.34 billion for the quarter. On average, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 6th. KeyCorp decreased their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Loop Capital decreased their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. UBS Group set a $43.00 price objective on shares of Comcast in a research report on Friday, October 3rd. Finally, Citigroup reissued a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.94.

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.