Comcast Corporation (NASDAQ:CMCSA) Position Lifted by E Fund Management Co. Ltd.

Key Points

• E Fund Management Co. Ltd. significantly increased its stake in Comcast Corporation by purchasing 51,970 shares, raising its total holdings by 95.2% to 106,586 shares valued at approximately $3.93 million.
• Several large institutional investors, including Capital World Investors and Dodge & Cox, have also increased their holdings in Comcast, indicating strong institutional interest with 84.32% of the company's stock owned by these investors.
• Comcast last reported earnings of $1.25 per share, surpassing analyst expectations, and additionally announced a quarterly dividend of $0.33 per share with a yield of 4.1%.

E Fund Management Co. Ltd. increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 95.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 106,586 shares of the cable giant's stock after purchasing an additional 51,970 shares during the period. E Fund Management Co. Ltd.'s holdings in Comcast were worth $3,933,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new position in shares of Comcast during the first quarter worth about $26,000. Abound Financial LLC acquired a new stake in shares of Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC increased its holdings in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of 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 purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.55 during trading hours on Friday, hitting $33.45. 20,700,567 shares of the company's stock traded hands, compared to its average volume of 23,292,310. The firm has a market capitalization of $123.50 billion, a P/E ratio of 5.53, a P/E/G ratio of 1.98 and a beta of 0.92. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The business's fifty day moving average price is $34.38 and its two-hundred day moving average price is $34.81. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the prior year, the firm earned $1.21 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. Comcast's payout ratio is currently 21.82%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Scotiabank boosted their price objective 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. Barclays decreased their price objective 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. Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, UBS Group reduced their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Comcast presently has a consensus rating of "Hold" and a consensus target price of $40.73.

Comcast 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.