Comcast Corporation $CMCSA Shares Purchased by Versor Investments LP

Key Points

• Versor Investments LP increased its holdings in Comcast by 47% in the first quarter, bringing its total shares to 53,800, valued at approximately $1.985 million.
• Comcast reported earnings per share of $1.25 for the last quarter, exceeding analysts' expectations of $1.18, with a year-over-year revenue increase of 2.1% to $30.31 billion.
• The company announced a quarterly dividend of $0.33, reflecting an annualized dividend yield of 3.9%, payable on October 22nd to shareholders of record by October 1st.

Versor Investments LP raised its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 47.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,800 shares of the cable giant's stock after acquiring an additional 17,200 shares during the quarter. Versor Investments LP's holdings in Comcast were worth $1,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Advisor OS LLC raised its position in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after acquiring an additional 8,841 shares during the period. Resona Asset Management Co. Ltd. grew its stake in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after acquiring an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new position in Comcast in the 1st quarter worth approximately $335,000. DAVENPORT & Co LLC grew its position in shares of Comcast by 41.7% in the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after purchasing an additional 1,261,278 shares in the last quarter. Finally, American Financial Group Inc. lifted its position in Comcast by 29.0% during the first quarter. American Financial Group Inc. now owns 267,000 shares of the cable giant's stock worth $9,852,000 after buying an additional 60,000 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMCSA shares. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Evercore ISI cut their price objective on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group lowered their price target on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. New Street Research dropped their price target on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Moffett Nathanson raised their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.73.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.60 during midday trading on Wednesday, reaching $33.29. The stock had a trading volume of 20,289,539 shares, compared to its average volume of 24,326,885. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The stock has a market cap of $122.91 billion, a P/E ratio of 5.50, a P/E/G ratio of 2.01 and a beta of 0.92. 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 firm has a fifty day simple moving average of $34.30 and a two-hundred day simple moving average of $34.77.

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, beating analysts' consensus estimates of $1.18 by $0.07. The firm 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%.The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

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.