Blueshift Asset Management LLC Has $2.64 Million Holdings in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Blueshift Asset Management LLC increased its stake in Comcast Corporation by 46.7% in the 1st quarter, owning a total of 71,538 shares valued at approximately $2.64 million.
• Comcast reported an earnings per share (EPS) of $1.25 for the last quarter, exceeding analysts' expectations of $1.18, with revenues rising 2.1% year-over-year to $30.31 billion.
• The company's most recent quarterly dividend was set at $0.33 per share, yielding 4.0% with a payout ratio of 32.43%.

Blueshift Asset Management LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 46.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,538 shares of the cable giant's stock after buying an additional 22,757 shares during the period. Comcast makes up 1.0% of Blueshift Asset Management LLC's portfolio, making the stock its 7th biggest position. Blueshift Asset Management LLC's holdings in Comcast were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock worth $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. Capital World Investors increased its position in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares during the period. KBC Group NV increased its position in Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after acquiring an additional 8,928,641 shares during the period. Ameriprise Financial Inc. increased its position in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. Finally, Dodge & Cox increased its position in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ CMCSA traded down $0.71 during trading on Friday, reaching $32.52. 22,392,993 shares of the company traded hands, compared to its average volume of 19,415,812. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.91. The stock's 50 day moving average price is $34.79 and its two-hundred day moving average price is $35.10. The company has a market cap of $121.42 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 1.58 and a beta of 0.92. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its 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 business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Comcast's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. As a group, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. New Street Research lowered their price target on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Moffett Nathanson raised their target price on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. 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. JPMorgan Chase & Co. decreased their target price on Comcast from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Barclays reduced 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and an average price target of $40.77.

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.