DRW Securities LLC Increases Stake in Comcast Corporation $CMCSA

Key Points

• DRW Securities LLC has significantly increased its stake in Comcast Corporation by 67.5%, now holding 32,255 shares worth $1.19 million.
• Comcast reported a quarterly EPS of $1.25, exceeding estimates, and had a revenue of $30.31 billion, up 2.1% year-over-year.
• The company has announced a quarterly dividend of $0.33 per share, representing an annualized yield of 3.9%.

DRW Securities LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 67.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,255 shares of the cable giant's stock after acquiring an additional 13,003 shares during the period. DRW Securities LLC's holdings in Comcast were worth $1,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in Comcast in the first quarter valued at about $26,000. Abound Financial LLC bought a new stake in shares of Comcast in the first quarter worth $29,000. Retirement Wealth Solutions LLC raised its position in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast during the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Barclays decreased their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. UBS Group decreased 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. Scotiabank raised their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Benchmark restated a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Finally, Rothschild & Co Redburn cut their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of "Hold" and a consensus price target of $40.73.

Comcast Price Performance

CMCSA stock traded down $0.04 during midday trading on Friday, reaching $33.91. The company had a trading volume of 21,111,306 shares, compared to its average volume of 19,302,668. The firm has a 50-day moving average price of $34.03 and a 200-day moving average price of $34.69. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31. 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 capitalization of $125.20 billion, a P/E 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 data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations 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 prior year, the business earned $1.21 EPS. On average, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 3.9%. Comcast's dividend payout ratio is currently 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.