Curi RMB Capital LLC Buys 324,857 Shares of Comcast Corporation $CMCSA

Key Points

• Curi RMB Capital LLC increased its stake in Comcast by 99.8% during the first quarter, holding 650,260 shares worth approximately $23.99 million.
• Comcast reported an earnings per share of $1.25 for the last quarter, exceeding expectations, with revenue of $30.31 billion, reflecting a 2.1% year-over-year increase.
• The company announced a quarterly dividend of $0.33, representing an annualized dividend yield of 3.9%, with a payout ratio of 21.82%.

Curi RMB Capital LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 99.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 650,260 shares of the cable giant's stock after buying an additional 324,857 shares during the quarter. Curi RMB Capital LLC's holdings in Comcast were worth $23,995,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CMCSA. Nuveen LLC bought a new stake in shares of Comcast during the first quarter valued at approximately $940,015,000. Dodge & Cox increased its position in shares of Comcast by 19.1% during the first 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. Pacer Advisors Inc. grew its position in Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock valued at $488,140,000 after acquiring an additional 12,586,329 shares during the period. KBC Group NV grew its position in Comcast by 724.7% in the first 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comcast by 16.4% in the fourth 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 acquiring an additional 4,991,891 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.3%

NASDAQ:CMCSA traded up $0.09 during mid-day trading on Monday, hitting $34.00. The company had a trading volume of 27,392,602 shares, compared to its average volume of 24,085,596. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The business's fifty day moving average is $34.03 and its two-hundred day moving average is $34.67. 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 firm has a market cap of $125.54 billion, a P/E ratio of 5.62, a P/E/G ratio of 2.03 and a beta of 0.93.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. 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 dividend payout ratio (DPR) is presently 21.82%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CMCSA shares. Scotiabank upped their price target on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Barclays reduced their price objective on 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 reduced their price objective on Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Citigroup reissued a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Arete Research raised Comcast to a "hold" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $40.63.

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.