Landscape Capital Management L.L.C. Has $5.50 Million Stock Position in Comcast Corporation $CMCSA

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Comcast by 165.3%, acquiring an additional 92,867 shares, bringing its total to 149,048 shares valued at $5.5 million.
• Other institutional investors also boosted their stakes, with 84.32% of Comcast's stock now owned by hedge funds and similar entities, indicating strong institutional confidence in the company.
• Comcast recently announced a quarterly dividend of $0.33 per share, resulting in an annualized yield of 3.9%, set to be paid on October 22nd, marking a 21.82% dividend payout ratio.

Landscape Capital Management L.L.C. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 165.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,048 shares of the cable giant's stock after purchasing an additional 92,867 shares during the period. Landscape Capital Management L.L.C.'s holdings in Comcast were worth $5,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Brighton Jones LLC raised its stake in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Comcast by 5.9% during the 4th quarter. Beacon Pointe Advisors LLC now owns 91,055 shares of the cable giant's stock worth $3,417,000 after purchasing an additional 5,112 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Comcast by 173.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 249,452 shares of the cable giant's stock worth $9,362,000 after purchasing an additional 158,204 shares in the last quarter. Triumph Capital Management raised its stake in shares of Comcast by 36.4% during the 4th quarter. Triumph Capital Management now owns 14,055 shares of the cable giant's stock worth $527,000 after purchasing an additional 3,749 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Comcast by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 42,103 shares of the cable giant's stock worth $1,580,000 after purchasing an additional 2,357 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.40 on Friday, reaching $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 current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average of $34.14 and a two-hundred day moving average of $34.74. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The company has a market cap of $125.42 billion, a P/E ratio of 5.61, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92.

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, 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 firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same period in the prior year, the firm posted $1.21 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMCSA. Citigroup reiterated a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Arete Research upgraded Comcast to a "hold" rating in a research note on Tuesday, July 8th. Barclays dropped their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Morgan Stanley dropped their price target on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. Finally, Benchmark restated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.73.

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.