64,424 Shares in Comcast Corporation (NASDAQ:CMCSA) Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 64,424 shares of the cable giant's stock, valued at approximately $2,377,000.

A number of other institutional investors also recently modified their holdings of CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast during the first quarter valued at approximately $26,000. Abound Financial LLC purchased a new position in Comcast in the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC grew its stake in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates increased its holdings in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock traded down $1.69 on Friday, hitting $33.68. 32,916,863 shares of the stock traded hands, compared to its average volume of 16,460,666. The company's fifty day moving average is $35.01 and its 200 day moving average is $35.23. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a market capitalization of $125.75 billion, a PE ratio of 8.28, a PEG ratio of 1.63 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were issued a $0.33 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.92%. Comcast's payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. KeyCorp dropped their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. TD Cowen dropped their target price on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Benchmark restated a "buy" rating on shares of Comcast in a report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast has a consensus rating of "Hold" and an average target price of $41.13.

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.