86,086 Shares in Comcast Corporation (NASDAQ:CMCSA) Bought by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC acquired 86,086 shares of Comcast Corporation valued at approximately $3.18 million, according to a recent SEC filing.
• Comcast has declared a quarterly dividend of $0.33 per share, totaling an annualized dividend of $1.32 with a dividend yield of 4.1%.
• Several brokerages have recently lowered their price targets on Comcast, with Morgan Stanley and Barclays both setting new targets of $38.00 and $34.00 respectively while maintaining an "equal weight" rating.

Headlands Technologies LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 86,086 shares of the cable giant's stock, valued at approximately $3,177,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Brighton Jones LLC boosted its holdings in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. FIL Ltd lifted its position in Comcast by 5.4% during the 4th quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock worth $20,877,000 after buying an additional 28,527 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Comcast by 25.2% during the 4th quarter. Advisory Services Network LLC now owns 72,912 shares of the cable giant's stock worth $2,736,000 after buying an additional 14,671 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Comcast by 31.4% during the 4th quarter. Bessemer Group Inc. now owns 2,520,213 shares of the cable giant's stock worth $94,584,000 after buying an additional 601,657 shares during the last quarter. Finally, Phoenix Financial Ltd. grew its holdings in shares of Comcast by 9.0% in the 4th quarter. Phoenix Financial Ltd. now owns 45,442 shares of the cable giant's stock valued at $1,706,000 after acquiring an additional 3,771 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 1.1%

Shares of CMCSA stock opened at $32.16 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $120.08 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 1.95 and a beta of 0.92. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a 50-day simple moving average of $34.66 and a two-hundred day simple moving average of $35.03.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. Comcast's dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. 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 report on Monday. Barclays cut their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.73.

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.

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