AlphaQuest LLC Buys 28,904 Shares of Comcast Corporation $CMCSA

Key Points

• AlphaQuest LLC has increased its stake in Comcast Corporation by 251.1%, owning 40,417 shares valued at approximately $1.49 million as of the last quarter.
• Comcast reported a quarterly earnings per share (EPS) of $1.25, exceeding analyst expectations, with a revenue of $30.31 billion, showing a year-over-year increase of 2.1%.
• The company announced a quarterly dividend of $0.33 per share, providing an annualized dividend yield of 3.9%, to be paid on October 22nd.

AlphaQuest LLC increased its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 251.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,417 shares of the cable giant's stock after purchasing an additional 28,904 shares during the period. AlphaQuest LLC's holdings in Comcast were worth $1,491,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position 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 buying an additional 99,986 shares during the period. Burling Wealth Partners LLC purchased a new stake in Comcast during the 4th quarter valued at $653,000. Integrated Wealth Concepts LLC boosted its position in Comcast by 2.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 85,006 shares of the cable giant's stock valued at $3,190,000 after buying an additional 2,061 shares during the period. Voyager Global Management LP boosted its position in Comcast by 59.6% during the 4th quarter. Voyager Global Management LP now owns 7,300,000 shares of the cable giant's stock valued at $273,969,000 after buying an additional 2,725,000 shares during the period. Finally, Voya Financial Advisors Inc. boosted its position in Comcast by 7.1% during the 4th quarter. Voya Financial Advisors Inc. now owns 78,166 shares of the cable giant's stock valued at $2,923,000 after buying an additional 5,160 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMCSA shares. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Moffett Nathanson increased their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Scotiabank increased their price target on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Rosenblatt Securities upped their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, 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 report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $40.73.

Comcast Stock Down 0.4%

Shares of Comcast stock traded down $0.14 during trading on Monday, hitting $34.01. The company's stock had a trading volume of 17,147,074 shares, compared to its average volume of 23,977,274. 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 fifty day simple moving average of $34.19 and a two-hundred day simple moving average of $34.77. The company has a market capitalization of $125.57 billion, a PE ratio of 5.62, a P/E/G ratio of 2.05 and a beta of 0.92. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (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%. Comcast's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. Equities research analysts predict 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. Stockholders of record on Wednesday, October 1st will be paid 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 3.9%. Comcast's payout ratio is currently 21.82%.

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.