Aigen Investment Management LP Purchases New Position in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Aigen Investment Management LP has acquired 56,747 shares of Comcast Corporation, worth approximately $2,094,000, according to their recent SEC filing.
• Comcast's quarterly earnings reported $1.25 EPS, exceeding estimates of $1.18, with a revenue of $30.31 billion, up 2.1% year-over-year.
• The company has declared a $0.33 quarterly dividend, which translates to an annualized dividend yield of 4.2%.

Aigen Investment Management LP bought a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,747 shares of the cable giant's stock, valued at approximately $2,094,000.

A number of other large investors also recently modified their holdings of the stock. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the first quarter valued at approximately $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC increased its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Comcast in the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates increased its position in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded up $0.84 during mid-day trading on Wednesday, hitting $32.94. 29,664,919 shares of the stock were exchanged, compared to its average volume of 24,484,240. 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 business has a fifty day moving average price of $34.44 and a 200 day moving average price of $34.86. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. The stock has a market capitalization of $121.62 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 1.89 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Comcast's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is 21.82%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CMCSA. Evercore ISI decreased their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research report on Friday, July 11th. BNP Paribas Exane decreased their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. Finally, Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of "Hold" and a consensus target price of $40.73.

Comcast 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.