Comcast Corporation $CMCSA Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Comcast Corporation by 50% during the first quarter, acquiring a total of 2,814,867 shares valued at approximately $103.87 million.
• Comcast's latest quarterly earnings revealed an EPS of $1.25, surpassing analysts' expectations of $1.18, with revenues of $30.31 billion for the quarter.
• The company announced a quarterly dividend of $0.33 per share, equating to a 3.9% dividend yield, with a payout ratio of 21.82%.

Caisse DE Depot ET Placement DU Quebec boosted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,814,867 shares of the cable giant's stock after buying an additional 938,265 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Comcast worth $103,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Talisman Wealth Advisors LLC acquired a new stake in shares of Comcast in the 1st quarter valued at about $208,000. Apexium Financial LP raised its stake in shares of Comcast by 9.0% in the 1st quarter. Apexium Financial LP now owns 14,859 shares of the cable giant's stock valued at $548,000 after purchasing an additional 1,232 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Comcast by 168.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,252 shares of the cable giant's stock valued at $305,000 after purchasing an additional 5,173 shares in the last quarter. Freedom Investment Management Inc. raised its stake in shares of Comcast by 8.2% in the 1st quarter. Freedom Investment Management Inc. now owns 8,630 shares of the cable giant's stock valued at $318,000 after purchasing an additional 657 shares in the last quarter. Finally, Oak Harvest Investment Services raised its stake in shares of Comcast by 5.4% in the 1st quarter. Oak Harvest Investment Services now owns 172,840 shares of the cable giant's stock valued at $6,378,000 after purchasing an additional 8,832 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of Comcast stock traded up $0.40 on Friday, hitting $33.97. The company had a trading volume of 16,715,894 shares, compared to its average volume of 24,118,857. The business has a 50-day simple moving average of $34.15 and a 200-day simple moving average of $34.75. 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 company has a market cap of $125.42 billion, a PE ratio of 5.61, a PEG ratio of 2.02 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 posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend 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 research analysts have recently issued reports on CMCSA shares. Barclays cut their target price on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. UBS Group lowered their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Rosenblatt Securities boosted their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Citigroup reaffirmed a "buy" rating on shares of Comcast in a research report on Tuesday. Finally, Rothschild & Co Redburn lowered their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Comcast has an average rating of "Hold" and an average target price of $40.73.

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.