Clarius Group LLC Increases Position in Comcast Corporation $CMCSA

Clarius Group LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,603 shares of the cable giant’s stock after buying an additional 1,846 shares during the quarter. Clarius Group LLC’s holdings in Comcast were worth $593,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Sava Infond d.o.o. grew its holdings in shares of Comcast by 208.4% during the second quarter. Sava Infond d.o.o. now owns 9,870 shares of the cable giant’s stock valued at $352,000 after buying an additional 6,670 shares during the last quarter. Apexium Financial LP lifted its stake in Comcast by 18.5% during the 2nd quarter. Apexium Financial LP now owns 17,611 shares of the cable giant’s stock valued at $629,000 after acquiring an additional 2,752 shares during the period. 111 Capital lifted its stake in Comcast by 56.8% during the 2nd quarter. 111 Capital now owns 126,581 shares of the cable giant’s stock valued at $4,518,000 after acquiring an additional 45,855 shares during the period. QRG Capital Management Inc. lifted its stake in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the period. Finally, Precedent Wealth Partners LLC lifted its stake in Comcast by 24.2% during the 2nd quarter. Precedent Wealth Partners LLC now owns 36,774 shares of the cable giant’s stock valued at $1,312,000 after acquiring an additional 7,157 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. Sanford C. Bernstein decreased their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Scotiabank lifted their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Royal Bank Of Canada initiated coverage on shares of Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. Finally, Bank of America decreased their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.26.

Comcast Stock Performance

CMCSA opened at $30.90 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average price of $32.73 and a 200 day moving average price of $34.13. Comcast Corporation has a 1 year low of $30.38 and a 1 year high of $45.31. The stock has a market cap of $114.09 billion, a P/E ratio of 5.11, a P/E/G ratio of 1.81 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

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.