Integrity Alliance LLC. Invests $903,000 in Comcast Corporation $CMCSA

Key Points

• Integrity Alliance LLC has acquired a new stake in Comcast Corporation, purchasing 24,477 shares valued at approximately $903,000 during the first quarter.
• Comcast's recent quarterly earnings surpassed analysts' expectations with an EPS of $1.25 on revenue of $30.31 billion, showing a year-over-year revenue increase of 2.1%.
• The company has announced a quarterly dividend of $0.33 per share, yielding 4.0%, with a low payout ratio of 21.82%.

Integrity Alliance LLC. purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,477 shares of the cable giant's stock, valued at approximately $903,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dodge & Cox boosted its position in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Comcast by 16.4% during 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 valued at $1,326,912,000 after acquiring an additional 4,991,891 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock valued at $1,240,955,000 after acquiring an additional 926,663 shares during the last quarter. Nuveen LLC acquired a new position in shares of Comcast during the first quarter worth $940,015,000. Finally, Harris Associates L P increased its holdings in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant's stock valued at $759,938,000 after purchasing an additional 111,662 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CMCSA. Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Barclays lowered their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Rosenblatt Securities upped their target price on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Scotiabank raised their price target on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, Moffett Nathanson boosted their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.56.

Comcast Trading Down 1.0%

CMCSA traded down $0.34 during trading on Friday, hitting $33.06. The company's stock had a trading volume of 23,842,060 shares, compared to its average volume of 19,712,344. The firm has a market capitalization of $122.06 billion, a P/E ratio of 5.46, a PEG ratio of 1.98 and a beta of 0.93. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The stock's fifty day moving average price is $33.79 and its 200-day moving average price is $34.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last released 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 net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the previous year, the business posted $1.21 EPS. Comcast's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is 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.