Comcast Corporation $CMCSA Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Comcast, buying 496,953 shares, raising its total holdings to 580,652 shares worth approximately $21.43 million, marking a 593.7% increase during the first quarter.
• Comcast's recent earnings report revealed a net income of $1.25 per share, exceeding analysts' expectations, with quarterly revenue hitting $30.31 billion—a 2.1% year-over-year increase.
• The company announced a quarterly dividend of $0.33 per share, with an annualized yield of 3.9%, payable to investors on October 22nd.

Jump Financial LLC grew its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 593.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 580,652 shares of the cable giant's stock after buying an additional 496,953 shares during the period. Jump Financial LLC's holdings in Comcast were worth $21,426,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CMCSA. Nuveen LLC purchased a new position in shares of Comcast in the 1st quarter valued at approximately $940,015,000. Pacer Advisors Inc. raised its position in shares of Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. KBC Group NV raised its position in shares of Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Comcast by 16.4% in the 4th 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 purchasing an additional 4,991,891 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CMCSA. Morgan Stanley decreased their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. 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 report on Friday, August 1st. Moffett Nathanson raised 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. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Finally, Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.73.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.14 during midday trading on Monday, reaching $34.01. 17,147,074 shares of the stock were exchanged, compared to its average volume of 23,977,274. The firm has a market cap of $125.57 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 2.05 and a beta of 0.92. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The firm has a 50-day simple moving average of $34.19 and a two-hundred day simple moving average of $34.77. 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 issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter last year, the company earned $1.21 EPS. The business's revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Comcast 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.