Comcast Corporation $CMCSA Shares Sold by Versor Investments LP

Versor Investments LP lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 51.2% during the second quarter, Holdings Channel reports. The fund owned 26,265 shares of the cable giant’s stock after selling 27,535 shares during the quarter. Versor Investments LP’s holdings in Comcast were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares during the period. Advisor OS LLC raised its stake in shares of 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 buying an additional 8,841 shares during the period. Aberdeen Group plc raised its stake in shares of 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 buying an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. raised its stake in shares of 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 buying an additional 118,839 shares during the period. Finally, Davidson Investment Advisors raised its stake in shares of Comcast by 37.4% during the 2nd quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after buying an additional 124,484 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.83 on Monday. The company’s 50-day moving average price is $31.40 and its 200-day moving average price is $33.32. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $102.75 billion, a P/E ratio of 4.63, a P/E/G ratio of 1.89 and a beta of 0.94. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMCSA. Cowen reaffirmed a “buy” rating on shares of Comcast in a research note on Friday. Morgan Stanley dropped their target price on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Scotiabank dropped their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $36.74.

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.