Compass Ion Advisors LLC Takes $486,000 Position in Comcast Corporation $CMCSA

Key Points

• Compass Ion Advisors LLC made a new investment in Comcast Corporation, acquiring 13,629 shares valued at approximately $486,000.
• Comcast declared a quarterly dividend of $0.33 per share, with an annualized dividend yield of 4.2%, to be paid on October 22nd.
• The company's recent quarterly earnings surpassed estimates, reporting $1.25 earnings per share and a revenue of $30.31 billion, up 2.1% year-over-year.

Compass Ion Advisors LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,629 shares of the cable giant's stock, valued at approximately $486,000.

Several other institutional investors have also bought and sold shares of CMCSA. Brighton Jones LLC lifted its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Vise Technologies Inc. lifted its holdings in Comcast by 22.0% in the fourth quarter. Vise Technologies Inc. now owns 57,388 shares of the cable giant's stock worth $2,154,000 after purchasing an additional 10,367 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Comcast in the fourth quarter worth about $27,150,000. North Star Asset Management Inc. lifted its holdings in Comcast by 2.1% in the fourth quarter. North Star Asset Management Inc. now owns 32,768 shares of the cable giant's stock worth $1,230,000 after purchasing an additional 687 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Comcast by 6.3% in the fourth quarter. Toronto Dominion Bank now owns 2,918,095 shares of the cable giant's stock worth $109,513,000 after purchasing an additional 172,871 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA traded up $0.20 during mid-day trading on Tuesday, hitting $31.69. The company's stock had a trading volume of 13,723,862 shares, compared to its average volume of 24,183,758. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. 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 capitalization of $117.01 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The stock's 50-day moving average is $33.37 and its two-hundred day moving average is $34.41.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $29.81 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Comcast's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMCSA shares. Rothschild & Co Redburn cut their price target on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Morgan Stanley cut their price target on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Scotiabank upped their price target on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. Arete Research raised shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. Finally, Citigroup reissued a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of "Hold" and an average target price of $40.22.

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.