Entropy Technologies LP Has $2.59 Million Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Entropy Technologies LP increased its stake in Comcast by 128.0%, acquiring an additional 39,443 shares for a total of 70,247 shares valued at approximately $2.59 million.
• Comcast reported quarterly earnings of $1.25 per share, exceeding analysts' expectations, with a revenue of $30.31 billion, up 2.1% year-over-year.
• A quarterly dividend of $0.33 per share has been announced, with a yield of 4.2%, payable on October 22nd to shareholders of record as of October 1st.

Entropy Technologies LP raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 128.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,247 shares of the cable giant's stock after buying an additional 39,443 shares during the period. Entropy Technologies LP's holdings in Comcast were worth $2,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CMCSA. Capital World Investors raised its position in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Dodge & Cox raised its position in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Ameriprise Financial Inc. raised its position in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. Northern Trust Corp raised its position in Comcast by 12.8% in the fourth quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant's stock worth $1,594,256,000 after purchasing an additional 4,819,443 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $1,326,912,000 after purchasing an additional 4,991,891 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bernstein Bank reduced their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Benchmark reaffirmed a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Morgan Stanley reduced their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. Finally, 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 note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $40.73.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.84 during trading on Wednesday, reaching $32.94. The company had a trading volume of 29,733,444 shares, compared to its average volume of 23,008,912. The firm has a market capitalization of $121.62 billion, a price-to-earnings ratio of 5.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. 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 stock's fifty day moving average price is $34.44 and its 200 day moving average price is $34.86. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. The business 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 business's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. As a group, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. 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 (DPR) is currently 21.82%.

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.