Waterloo Capital L.P. Acquires 3,430 Shares of Comcast Corporation $CMCSA

Waterloo Capital L.P. lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 50.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,166 shares of the cable giant’s stock after buying an additional 3,430 shares during the quarter. Waterloo Capital L.P.’s holdings in Comcast were worth $363,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CMCSA. QRG Capital Management Inc. boosted its stake in Comcast by 13.0% in 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after buying an additional 1,257,196 shares during the last quarter. Aberdeen Group plc increased its position in shares of Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after acquiring an additional 147,231 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after acquiring an additional 118,839 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CMCSA. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, November 4th. Citigroup decreased their target price on Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Evercore ISI decreased their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Scotiabank decreased their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Barclays dropped their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $35.92.

Comcast Stock Down 3.3%

NASDAQ CMCSA opened at $26.46 on Tuesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $96.42 billion, a P/E ratio of 4.40, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The stock’s 50-day moving average price is $29.36 and its 200-day moving average price is $32.55.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion during the quarter. On average, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. Comcast’s dividend payout ratio is 21.96%.

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.