Ieq Capital LLC Has $20.72 Million Stock Position in Comcast Corporation $CMCSA

Key Points

• Ieq Capital LLC increased its stake in Comcast Corporation by 43.1%, owning 561,436 shares worth $20.72 million as of the end of the most recent quarter.
• Comcast reported $1.25 earnings per share for the last quarter, surpassing analysts' estimates, with a revenue of $30.31 billion, up 2.1% year-over-year.
• The company declared a quarterly dividend of $0.33 per share, representing an annualized yield of 3.9%, with a payout ratio of 21.82%.

Ieq Capital LLC grew its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 561,436 shares of the cable giant's stock after purchasing an additional 169,107 shares during the period. Ieq Capital LLC's holdings in Comcast were worth $20,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new stake in shares of Comcast in the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC lifted its stake in shares of Comcast by 126.9% in the 1st 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 period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the period. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Barclays reduced 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. Scotiabank upped their price target on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Finally, Benchmark reissued a "buy" rating on shares of Comcast in a research note on Friday, July 18th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $40.73.

Comcast Trading Up 1.2%

Shares of NASDAQ:CMCSA traded up $0.40 during mid-day trading on Friday, hitting $33.97. The stock had a trading volume of 16,719,253 shares, compared to its average volume of 21,455,062. 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 company has a market cap of $125.42 billion, a PE ratio of 5.61, a P/E/G ratio of 2.03 and a beta of 0.92. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The company's 50 day moving average is $34.14 and its 200-day moving average is $34.74.

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

Comcast Announces Dividend

The business also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. 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.