Los Angeles Capital Management LLC Has $83.72 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Los Angeles Capital Management LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 505.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,268,788 shares of the cable giant's stock after acquiring an additional 1,893,959 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Comcast worth $83,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Sargent Investment Group LLC increased its holdings in Comcast by 31.3% during the 1st quarter. Sargent Investment Group LLC now owns 18,260 shares of the cable giant's stock valued at $674,000 after purchasing an additional 4,356 shares in the last quarter. Heritage Investors Management Corp grew its position in shares of Comcast by 1.1% in the first quarter. Heritage Investors Management Corp now owns 394,749 shares of the cable giant's stock valued at $14,566,000 after purchasing an additional 4,341 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Comcast by 2.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 294,702 shares of the cable giant's stock valued at $10,874,000 after buying an additional 8,420 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Comcast by 86.5% during the first quarter. J.W. Cole Advisors Inc. now owns 111,497 shares of the cable giant's stock worth $4,114,000 after purchasing an additional 51,726 shares during the last quarter. Finally, Twin Capital Management Inc. increased its holdings in Comcast by 2.6% in the first quarter. Twin Capital Management Inc. now owns 138,048 shares of the cable giant's stock valued at $5,094,000 after purchasing an additional 3,536 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group cut their price objective on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. New Street Research dropped their target price on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. KeyCorp dropped their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Bernstein Bank decreased their price target on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.10.

Comcast Stock Up 1.4%

Shares of Comcast stock traded up $0.47 during trading on Monday, reaching $35.01. 15,810,408 shares of the company traded hands, compared to its average volume of 21,900,997. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average price of $35.00 and a 200-day moving average price of $35.30. The firm has a market capitalization of $130.72 billion, a PE ratio of 8.60, a P/E/G ratio of 1.68 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.