Comcast Corporation (NASDAQ:CMCSA) Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ Fund Management Ireland Ltd has increased its stake in Comcast Corporation by 11.5%, owning a total of 127,740 shares worth approximately $4.7 million after acquiring an additional 13,140 shares.
• Comcast recently announced a quarterly dividend of $0.33 per share, to be paid on October 22, representing an annualized yield of 4.1%.
• The company's stock, which has a market cap of $121.42 billion, recently opened at $32.52 with a fifty-two week range of $31.44 to $45.31.

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,740 shares of the cable giant's stock after buying an additional 13,140 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Comcast were worth $4,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC lifted its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares during the period. Prudential PLC lifted its holdings in Comcast by 8.2% in the fourth quarter. Prudential PLC now owns 133,746 shares of the cable giant's stock valued at $5,019,000 after buying an additional 10,112 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Comcast in the fourth quarter valued at approximately $1,170,000. Wedbush Securities Inc. lifted its holdings in Comcast by 4.8% in the fourth quarter. Wedbush Securities Inc. now owns 39,205 shares of the cable giant's stock valued at $1,471,000 after buying an additional 1,782 shares during the period. Finally, Clarkston Capital Partners LLC lifted its holdings in Comcast by 0.4% in the fourth quarter. Clarkston Capital Partners LLC now owns 678,694 shares of the cable giant's stock valued at $25,471,000 after buying an additional 2,652 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 1.1%

CMCSA stock traded down $0.35 during trading on Wednesday, reaching $32.16. 21,557,651 shares of the company traded hands, compared to its average volume of 21,987,228. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The business has a 50 day simple moving average of $34.71 and a 200 day simple moving average of $35.05. The company has a market capitalization of $120.08 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The company had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same period last year, the business posted $1.21 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is 21.82%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CMCSA shares. TD Cowen decreased their target price on shares of Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 25th. New Street Research cut their price target on shares of Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Rothschild & Co Redburn cut their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Benchmark restated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Finally, Bernstein Bank cut their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $40.73.

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.