IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 17,100 Shares of Comcast Corporation $CMCSA

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.9% in the third quarter, HoldingsChannel reports. The firm owned 174,590 shares of the cable giant’s stock after buying an additional 17,100 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Comcast were worth $5,486,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMCSA. Vanguard Group Inc. grew its stake in Comcast by 0.3% in 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 acquiring an additional 1,257,196 shares during the period. State Street Corp lifted its holdings in shares of Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox grew its position in Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares during the period. Norges Bank bought a new stake in Comcast during the 2nd quarter valued at $3,528,361,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after buying an additional 2,517,906 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMCSA. Morgan Stanley reduced their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. TD Cowen lowered their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Arete Research set a $23.00 target price on Comcast in a report on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.90.

Comcast Trading Up 1.1%

Shares of CMCSA stock opened at $30.85 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $112.41 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.33 and a beta of 0.81. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.97. The company has a 50-day simple moving average of $28.70 and a two-hundred day simple moving average of $30.23.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.