Chiron Capital Management LLC Buys 30,811 Shares of Comcast Corporation $CMCSA

Key Points

• Chiron Capital Management LLC increased its holdings in Comcast by 231.2% in the first quarter, now owning 44,138 shares worth $1.63 million.
• Comcast's latest earnings report showed an EPS of $1.25, exceeding expectations, with revenues of $30.31 billion, marking a 2.1% year-over-year increase.
• Comcast announced a quarterly dividend of $0.33 per share, representing an annualized yield of 3.9%, with a payout ratio of 21.82%.

Chiron Capital Management LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 231.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,138 shares of the cable giant's stock after purchasing an additional 30,811 shares during the quarter. Comcast accounts for about 1.5% of Chiron Capital Management LLC's investment portfolio, making the stock its 15th largest holding. Chiron Capital Management LLC's holdings in Comcast were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dodge & Cox boosted its position in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comcast by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock valued at $1,326,912,000 after purchasing an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Comcast by 1.9% in 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 period. Finally, Nuveen LLC acquired a new position in shares of Comcast in the 1st quarter valued at $940,015,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.1%

Shares of CMCSA traded down $0.04 during midday trading on Friday, reaching $33.91. 21,111,306 shares of the stock were exchanged, compared to its average volume of 19,544,478. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The firm has a 50 day simple moving average of $34.03 and a 200-day simple moving average of $34.67. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $125.20 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 2.03 and a beta of 0.93.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share 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 during the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the business earned $1.21 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. Comcast's dividend payout ratio (DPR) is 21.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays decreased their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Rothschild & Co Redburn decreased their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Morgan Stanley decreased their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Moffett Nathanson raised 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. Finally, Benchmark restated a "buy" rating on shares of Comcast in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $40.73.

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.