Acadian Asset Management LLC Has $280.24 Million Holdings in Comcast Corporation $CMCSA

Key Points

• Acadian Asset Management LLC increased its stake in Comcast Corporation by 119.1%, acquiring 4,128,434 additional shares, bringing its total to 7,595,322 shares worth approximately $280 million.
• Comcast reported a Q2 EPS of $1.25, exceeding analysts' expectations of $1.18, with a revenue of $30.31 billion, up 2.1% from the previous year.
• The company has announced a quarterly dividend of $0.33, yielding 3.9%, with the payout set for October 22nd for shareholders of record as of October 1st.

Acadian Asset Management LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 119.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,595,322 shares of the cable giant's stock after buying an additional 4,128,434 shares during the quarter. Acadian Asset Management LLC owned approximately 0.20% of Comcast worth $280,238,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Hudson Bay Capital Management LP lifted its holdings in Comcast by 902.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant's stock valued at $2,469,000 after purchasing an additional 73,980 shares during the last quarter. Mork Capital Management LLC lifted its holdings in Comcast by 66.7% during the 4th quarter. Mork Capital Management LLC now owns 40,230 shares of the cable giant's stock valued at $1,510,000 after purchasing an additional 16,100 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in Comcast by 13.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 180,112 shares of the cable giant's stock valued at $6,760,000 after purchasing an additional 21,462 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock valued at $977,880,000 after purchasing an additional 497,829 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Citigroup reaffirmed a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. Barclays lowered their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Sanford C. Bernstein lowered their price objective on Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research report on Wednesday. Scotiabank increased their price objective on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Finally, Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.56.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.34 during mid-day trading on Friday, reaching $33.06. The company had a trading volume of 23,842,060 shares, compared to its average volume of 19,553,770. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The firm has a market cap of $122.06 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 2.00 and a beta of 0.93. The business's 50-day simple moving average is $33.79 and its 200 day simple moving average is $34.59.

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

Comcast Dividend Announcement

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 given a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. Comcast's dividend payout ratio (DPR) is presently 21.82%.

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.