Comcast Corporation $CMCSA Shares Purchased by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. NY raised its stake in Comcast Corporation by 1.5%, now holding approximately 1.42 million shares worth around $50.67 million.
• Comcast reported a net margin of 18.44% and a revenue increase of 2.1% over the year, with earnings per share surpassing analysts' expectations.
• The company announced a quarterly dividend of $0.33 per share, which equates to an annual yield of 4.2%.

Miller Howard Investments Inc. NY raised its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,419,835 shares of the cable giant's stock after acquiring an additional 20,544 shares during the quarter. Comcast comprises 1.6% of Miller Howard Investments Inc. NY's investment portfolio, making the stock its 24th biggest holding. Miller Howard Investments Inc. NY's holdings in Comcast were worth $50,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co boosted its holdings in Comcast by 2.0% in the 2nd quarter. Diversified Trust Co now owns 251,700 shares of the cable giant's stock worth $8,983,000 after buying an additional 5,029 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Comcast by 6.4% in the second quarter. Assenagon Asset Management S.A. now owns 185,844 shares of the cable giant's stock worth $6,633,000 after buying an additional 11,102 shares in the last quarter. Bell Bank raised its holdings in shares of Comcast by 13.8% during the second quarter. Bell Bank now owns 8,928 shares of the cable giant's stock valued at $319,000 after purchasing an additional 1,082 shares during the last quarter. Luts & Greenleigh Group Inc. increased its holdings in Comcast by 8.7% during the second quarter. Luts & Greenleigh Group Inc. now owns 5,947 shares of the cable giant's stock valued at $212,000 after buying an additional 477 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Comcast in the second quarter worth approximately $2,405,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Comcast stock traded down $0.05 during midday trading on Friday, reaching $31.59. The company's stock had a trading volume of 53,783,241 shares, compared to its average volume of 20,704,542. The firm has a market capitalization of $116.64 billion, a PE ratio of 5.22, a P/E/G ratio of 1.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The stock's 50 day simple moving average is $33.45 and its 200 day simple moving average is $34.47.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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. The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. On average, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast's dividend payout ratio is 21.82%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMCSA. Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Benchmark reaffirmed a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Royal Bank Of Canada assumed coverage on shares of Comcast in a research note on Monday, September 8th. They set a "sector perform" rating and a $38.00 price objective for the company. Sanford C. Bernstein cut their price target on shares of Comcast from $37.00 to $36.00 and set a "market perform" rating for the company in a report on Wednesday, September 10th. Finally, UBS Group dropped their target price on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.56.

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.