JB Capital LLC Acquires 15,178 Shares of Comcast Corporation $CMCSA

Key Points

• JB Capital LLC increased its stake in Comcast Corporation by 3.2%, acquiring an additional 15,178 shares and bringing its total holdings to 490,389 shares, valued at approximately $17.5 million.
• Comcast recently announced a quarterly dividend of $0.33 per share, with a dividend yield of 4.4%, to be paid on October 22nd.
• Several analysts have revised their price targets for Comcast, with prices being adjusted downwards, including a reduction by Deutsche Bank from $46.00 to $44.00, while maintaining a "buy" rating.

JB Capital LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,389 shares of the cable giant's stock after purchasing an additional 15,178 shares during the period. Comcast comprises 0.8% of JB Capital LLC's investment portfolio, making the stock its 23rd largest holding. JB Capital LLC's holdings in Comcast were worth $17,502,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Foster Group Inc. grew its stake in shares of Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant's stock valued at $265,000 after purchasing an additional 282 shares during the last quarter. Argyle Capital Management LLC boosted its holdings in shares of Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant's stock worth $2,184,000 after buying an additional 300 shares during the period. Clearstead Trust LLC boosted its holdings in shares of Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock worth $227,000 after buying an additional 305 shares during the period. Webster Bank N. A. raised its stake in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant's stock worth $386,000 after purchasing an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. increased its position in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant's stock worth $519,000 after purchasing an additional 308 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday. UBS Group set a $43.00 price objective on shares of Comcast in a research note on Friday, October 3rd. Arete Research upgraded shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. KeyCorp decreased their price objective on shares of Comcast from $45.00 to $43.00 and set an "overweight" rating for the company in a report on Friday, October 3rd. Finally, Bank of America cut their price objective on shares of Comcast from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $39.94.

Comcast Stock Down 2.2%

NASDAQ:CMCSA opened at $30.08 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $32.54 and a 200-day simple moving average of $34.00. The company has a market cap of $111.06 billion, a price-to-earnings ratio of 4.97, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94. Comcast Corporation has a twelve month low of $30.06 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion for the quarter. Analysts anticipate 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. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is 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.

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