Brookwood Investment Group LLC Makes New Investment in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Brookwood Investment Group LLC acquired 24,488 shares of Comcast Corporation, valued at approximately $904,000, marking a new position for the investment group in the 1st quarter of the year.
• A total of 84.32% of Comcast's stock is currently held by hedge funds and other institutional investors, indicating high institutional interest in the company.
• Comcast's recent quarterly earnings showed a profit of $1.09 per share, surpassing analyst expectations of $1.01, despite a slight revenue decline of 0.6% year-over-year.

Brookwood Investment Group LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,488 shares of the cable giant's stock, valued at approximately $904,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors grew its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new position in shares of Comcast in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC boosted its holdings in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after buying an additional 1,006,272 shares during the period. Dodge & Cox boosted its holdings in shares of Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 5,402,377 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. TD Cowen lowered their price objective on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Evercore ISI lowered their price objective on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.13.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.01 during trading on Monday, reaching $33.69. The company's stock had a trading volume of 6,369,267 shares, compared to its average volume of 24,192,857. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $125.77 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The firm has a 50 day moving average price of $35.01 and a 200 day moving average price of $35.22.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

About Comcast

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.